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RedBall Acquisition Corp. Files for $500M IPO

new-spac

RedBall Acquisition Corp. Files for $500M IPO

Jul 29, 2020 INTEL by Kristi Marvin
From the movie MoneyBall… Peter Brand: “Your goal shouldn’t be to buy players. Your goal should be to buy wins. In order buy wins, you need to buy runs.” RedBall Acquisition Corp. (RBAC.U), filed for a $500 million IPO yesterday morning with a focus on businesses in the sports, media and data analytics sectors, with
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Nasdaq Defers SPAC Initial Listing Fees During First Year of Listing

Jul 27, 2020 INTEL by Kristi Marvin
Carol Anne Huff, is back again with an update on Nasdaq listing fees.  The SPAC market is competitive and that applies to exchange listing fees too.  Read below for more info. Nasdaq Defers SPAC Initial Listing Fees During First Year of Listing By: Carol Anne Huff, Arnold and Porter* Competition between The Nasdaq Stock Market
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IPO
Rush-street-logo

UPDATE: dMY Technology Group to Combine with Rush Street Interactive

Jul 27, 2020 INTEL by Kristi Marvin
The Wall Street Journal got a hot scoop last night on this deal, so we had a preview to today’s announcement.  However, today’s filings officially show dMY Technology Group, Inc. (DMYT.U), has signed a definitive agreement to combine with Rush Street Interactive (“RSI”), with an implied Enterprise Value of $1.78 billion. Furthermore, there’s a good
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Clever-leaves

Schultze Special Purpose Officially Announces Combination with Clever Leaves

Jul 27, 2020 INTEL by Kristi Marvin
This morning, Schultze Special Purpose Acquisition Corp. (SAMA), announced they have signed a definitive agreement to Combine with Clever Leaves, a Large-Scale Pharmaceutical-Grade Multi-National Cannabis Operator.  SAMA had previously announced they were in the non-binding LOI stage with Clever Leaves back in early June, however, today’s announcement makes it official. Clever Leaves operates globally with
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Rush-street-logo

dMY Technology Group to Combine with Rush Street Interactive

Jul 26, 2020 INTEL by Kristi Marvin
dMY Technology Group, Inc. (DMYT.U), did not technically announce tonight, but the Wall Street Journal announced that Rush Street Interactive has agreed to merge with dMY in a deal valued at $1.8 billion. Presumably, the deal will be officially announced tomorrow morning, Monday. However, what we do know is that Rush Street Interactive is an
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proxy vote

Big Rock Partners (BRPA) Releases Extension Vote #5 Info

Jul 24, 2020 INTEL by Kristi Marvin
This afternoon, Big Rock Partners Acquisition Corp. (BRPA), released the details of their shareholder vote to approve moving their extension deadline from July 23, 2020 to December 23, 2020.  The extension was approved and as a result, the Company’s Sponsor will be contributing $0.02 to the trust account per month for each public share that
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IPO-Pricing
proxy vote

Graf Industrial (GRAF) Releases Extension Vote Results

Jul 23, 2020 INTEL by Kristi Marvin
This afternoon, Graf Industrial Corp. (GRAF), released the details of their shareholder vote, held today, to approve moving their previously extended deadline from July 31, 2020, to October 31, 2020. Per the 8-K, only 1,105 public shares exercised their right to redeem at a price of approximately $10.24 per share and as a result, just
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spac-webinar

SPAC Webinar PART II – Combinations

Jul 23, 2020 INTEL by Kristi Marvin

Gateway to Host Second Installment of SPAC Webinar Series on Thursday, July 30, 2020 at 2:00 p.m. ET

– Webinar to Focus on the “De-SPAC” Period, Features Various Leaders With Significant Business Combination Experience –

Gateway Investor Relations, a 20-year-old leading strategic financial communications and capital markets advisory firm, in partnership with SPACInsider, will host the second installment of its SPAC webinar series on Thursday, July 30th at 2:00 p.m.

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hennessy releases results of shareholder vote

Hennessy IV Files Proxy and Says They’ve Signed an LOI

Jul 23, 2020 INTEL by Kristi Marvin
Signed LOI with a company in the “electric vehicle and advanced mobility sector” Hennessy Capital Acquisition Corp. IV (HCAC), filed a preliminary proxy this morning to extend their deadline to December 31, 2020.  More importantly, however, is that within the proxy it stated that HCAC has signed an LOI with a company in the “electric
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IPO
Teaser

Andina Acquisition Corp. III (ANDA) Drops a Teaser

Jul 22, 2020 INTEL by Kristi Marvin
Signs non-binding LOI with EMMAC Life Sciences Limited Earlier this morning, Andina Acquisition Corp. III (ANDA), announced they have signed a non-binding LOI with EMMAC Life Sciences Ltd., Europe’s largest independent cannabis company. However, keep in mind that this is still at the non-binding LOI stage, which means neither side is bound to this deal. 
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IPO-Pricing
deal-terms-2

Deal Terms: Health Sciences 2, Holicity, Yucaipa & BowX

Jul 21, 2020 INTEL by Kristi Marvin
It’s only Tuesday, but we’ve already had seven new SPACs file to IPO since Friday evening.  The SPAC Tsunami is a wave that just won’t quit.  Two more filed today – Kismet  Acquisition One Corp. (KSMT) and ARYA Sciences III (ARYA), plus one yesterday, Gores V (GRSV).   In the interest of trying to keep up
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Reviva-Pharmaceuticals

Tenzing Acquisition Corp. (TZAC) to Combine with Reviva Pharmaceuticals

Jul 21, 2020 INTEL by Kristi Marvin
Tenzing Acquisition Corp. (TZAC), announced this morning that they have signed a definitive agreement and plan of merger (the “Merger Agreement”) for a business combination with Reviva Pharmaceuticals, Inc. (“Reviva”), a California-based clinical stage pharmaceutical company developing therapies that address unmet medical needs in the areas of central nervous system, cardiovascular, metabolic, and inflammatory diseases
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Legacy Acquisition Corp. Announces Termination of Agreement

Jul 21, 2020 INTEL by Kristi Marvin
Covid-19 claims another victim. Legacy Acquisition Corp. (LGC), announced this morning it has terminated its agreement with Blue Impact (Blue Valor Limited), but will continue to seek an alternative business combination. Once again, similar to Allegro Merger Corp. and Leisure Acquisition Corp., the reason cited was Covid-19.  Specifically, Legacy stated, “The termination is in response
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