Social Capital Hedosophia, which was anticipated to price SPACs II & III on Monday night, but delayed due to market conditions, re-filed new prospectuses this morning with a notable change to both – their warrants included in their units, which were originally 1/4 warrants, are now 1/3 warrants.
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Tonight’s notable news below.
In “Wow! They’re filing now??” news, Sustainable Opportunities Acquisitions Corp. (SOAC.U), a $300 million SPAC focused on the sustainability sector, filed to IPO.
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Opes Acquisitions Corp. (OPES), filed an 8-K this afternoon announcing the results of their shareholder vote, held yesterday, to extend their completion deadline three months from March 16, 2020 to June 18, 2020.
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Arya Sciences Acquisition Corp. (ARYA), announced this morning that they have entered into a definitive business combination agreement with Immatics Biotechnologies GmbH (“Immatics”), a clinical-stage biopharmaceutical company active in the discovery and development of T cell redirecting cancer immunotherapies.
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Gordon Pointe Acquisition Corp. (GPAQ), filed a an 8-K this afternoon whereby they will be amending their merger agreement with HOF Village, LLC (“HOFV”). If you recall, this transaction with HOFV will create a sports, entertainment and media enterprise surrounding the Pro Football Hall of Fame.
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This is still unconfirmed, but Bloomberg is reporting that the two Social Capital Hedosophia SPAC IPOs (IPOB.U and IPOC.U), that were anticipated to price tonight for trading tomorrow, are rumored to be postponed.
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Very late Friday evening, Virgin Galactic (SPCE), which combined with Social Capital Hedosophia Acquisition Corp., announced they will be redeeming all of their public warrants that remain outstanding at 5:00 p.m.
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DD3 Acquisition Corp. (DDMX), which held their shareholder vote to complete their combination back on February 7th, announced this afternoon that they finally made it through what was probably an arduous process to close their transaction with Betterware de Mexico S.A.
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Tiberius Acquisition Corp. (TIBR), filed an 8-K this afternoon detailing the results of their shareholder vote, held earlier today, to approve their business combination with International General Insurance Holdings Ltd. (“IGI”), an A (Excellent) AM Best rated international specialist (re)insurer underwriting a worldwide portfolio through its presence in Bermuda, London, Amman, Dubai, Labuan and Casablanca.
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Legacy Acquisition Corp. (LGC), filed a number of documents today announcing both changes to its Share Exchange Agreement with Blue Impact, as well as a proposal to amend its public warrants.
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Today, Fellazo Inc., which was recently de-listed from Nasdaq, provided an update via a press release whereby the Company said it is exploring various alternatives. However, it specifically stated that one of those alternatives includes liquidating the trust.
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When we were in the thick of the Great Recession, I had a meeting in early January of 2009 in Midtown, on Sixth Avenue. Normally, the area on Sixth Avenue, near Radio City, is a busy corridor.
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Proficient Alpha Acquisition Corp. (PAAC), announced this morning that they have entered into a definitive business combination agreement with Lion Financial Group Limited, a British Virgin Islands corporation (“Lion”) and Hong Kong-based diversified financial services company, in a transaction valued at approximately $125 million.
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DFP Healthcare Acquisitions Corp. (DFPHU), the Deerfield Management sponsored SPAC, announced the pricing of their $200 million IPO this evening and the units are expected to begin trading tomorrow, Wednesday, March 11th, under the symbol Nasdaq: DFPHU.
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Chardan Healthcare Acquisition 2 Corp. (CHAQ.U), filed for an $85 million IPO on Monday morning, focusing once again on healthcare companies in North America. Additionally, the Chardan Capital Markets-backed SPAC will once again be led by senior members of the bank’s management team.
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CC Neuberger Principal Holdings I (PCPL.U), made a surprise filing Friday evening for a $300 million IPO. CC Neuberger is being co-sponsored by Chinh Chu’s CC Capital and Neuberger Berman’s Opportunistic Capital Solutions Master Fund LP (“NBOKS”).
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Fortress Value Acquisition Corp. (FVAC.U), filed for a $300 million IPO on Friday evening, continuing the trend of big-name, 1/4 warrants SPACs coming to market in 2020. Fortress Value will have a broad focus, but will look to acquire a business that could “benefit from a hands-on owner with extensive investment and operational expertise.
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The folks over at Nasdaq are holding a webinar this morning, at 1:00 PM, regarding SPAC listing qualifications.
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The stock market may have taken a beating this week, but SPACs just keeping pumping out 1/4 warrant deals.
Read below for a short summary of the latest two new IPOs that were filed tonight.
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LifeSci Acquisition Corp. (LSACU), announced the pricing of their upsized $60 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Friday, March 6th, under the symbol Nasdaq: LSACU.
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