This afternoon, Forum Merger II Corp. (FMCI), announced the results of their shareholder vote to extend their deadline to September 30, 2020, and no one’s surprise, Forum II did not have any shares redeem.
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This morning, Nebula Acquisition Corp.’s (NEBU), announced a few changes to their proposed warrant amendment and specifically, the condition to closing in regards to the warrant amendment passing by a majority in order to close their business combination with Open Lending LLC.
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This morning, we had another “teaser” ahead of an extension vote. This time, it was for Opes Acquisition Corp. (OPES), which announced that it has signed a non-binding Letter of Intent with BurgerFi International, a fast-casual “better burger” concept with nearly 125 corporate-owned and franchise locations across 23 states domestically and two countries internationally.
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This morning, HL Acquisitions Corp. (HCCH), announced a new combination with Fusion Welcome-Fuel SA, a clean energy company that has developed a proprietary technology and process for producing green hydrogen using concentrated photovoltaics.
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The rumors were true….Collier Creek Holdings (CCH) announced this morning that they have entered into a definitive agreement to combine with Utz Quality Foods, LLC, to create Utz Brands, Inc.
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ARYA Sciences Acquisition Corp. II (ARYBU), announced the pricing of their $130 million IPO last night and the units are expected to begin trading today, Friday, June 5th, under the symbol Nasdaq: ARYBU
While the Company may pursue an initial business combination target in any business or industry, it intends to focus on the healthcare industry in the United States and other developed countries.
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Mountain Crest Acquisition Corp. (MCACU), announced the pricing of their $50 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Friday, June 5th, under the symbol Nasdaq: MCACU.
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Yesterday, Proficient Alpha Acquisition Corp. (PAAC), held a double vote to approve both their business combination with Lion Fiancial Group Limited, and to extend their deadline so they could complete all the necessary paperwork.
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Leisure Acquisition Corp. (LACQ), filed a new proxy this morning for a June 23rd extension vote that would move their completion deadline to December 1, 2020, a full five months away.
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VectoIQ Acqusition Corp. (VTIQ), which closed today at $31.37, announced this afternoon that shareholders have approved their combination with Nikola Motors. Unsurprisingly, only 1,874 shareholders voted against the combination. Although, you have to wonder why those shareholders voted “no” with a share price already trading in the thirties.
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William Foley II and Trasimene returned for another IPO last Friday when Trebia Acquisition Corp. (TREB.U), filed for a smaller $375 million SPAC IPO. Trebia’s team is similar to that of Foley Trasimene Acquisition Corp.
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We have another teaser….this morning, Schultze Special Purpose Acquisition Corp. (SAMA), announced ahead of their forthcoming deadline extension vote that they have signed a non-binding LOI with Clever Leaves, a multi-national cannabis operator.
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Mudrick Capital Acquisition Corp. (MUDS), released the results of their shareholder vote this morning to complete their business combination with Hycroft Mining Corporation, and as expected, this combination was approved. Unfortunately, the most important information, the redemption results, were not included in the filing.
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On May 22nd, Longevity Acquisition Corp. (LOAC), held their shareholder vote to extend their completion deadline to November 30th, and while LOAC was offering $0.025 per month (for six months) as contribution to trust, redemptions were, once again, on the heavy side.
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This morning, DraftKings (DKNG), which recently combined with Diamond Eagle Acquisition Corp., announced they will be redeeming all of their public warrants that remain outstanding at 5:00 p.m. New York City time on June 26, 2020 (the “Redemption Date”) and are requiring a cash exercise.
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Yesterday, Megalith Financial Acquisition Corp. (MFAC), held their shareholder vote to extend their completion deadline to August 28th, and while the extension was approved, redemptions were on the heavy side.
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Global Blue, via Silver Lake, has apparently been hoovering up FPAC public shares in an attempt to control the outcome of this combination to the tune of $97,827,426.53.
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Foley Trasimene Acquisition Corp. (WPF.U), announced the pricing of their upsized $900 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Wednesday, May 27th, under the symbol NYSE: WPF.U.
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Hudson Executive Investment Corp. (HECCU), filed for a $300 million IPO last night, bringing the year-to-date potential tally of SPAC IPOs to 33, with 27 already priced. However, Hudson Executive Investment Corp.
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Most people have probably already seen a few of the headlines surrounding the U.S. Senate passing a bill that could result in Chinese companies being de-listed from U.S. exchanges. However, what is still unclear is which companies are truly at risk.
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