Flying Eagle Acquisition Corp. (FEAC.U), announced the pricing of their upsized $600 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Friday, March 6th, under the symbol NYSE: FEAC.U.
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ChaSerg Technology Acquisition Corp. (CTAC), filed an 8-K this morning detailing the results of their recent shareholder vote to approve their business combination with Grid Dynamics International, Inc., an engineering IT services company known for transformative, mission-critical cloud solutions for retail, finance and technology sectors.
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Fellazo, Inc. (FLLC), which had previously arranged a Sponsor Transfer Agreement with TKK Capital, unfortunately announced this evening that they have been de-listed from the Nasdaq. Following suspension of trading on Nasdaq, the Company’s units, ordinary shares, warrants and rights will trade on the OTC Markets under the tickers “FLLCU,” “FLLC,” “FLLCW” and “FLLCR,” respectively, effective at the open of business on March 5, 2020.
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The folks over at Nasdaq are holding a webinar on Monday morning, at 10:00 AM, regarding SPAC listing qualifications. Specifically, Nasdaq’s Legal and Regulatory team will be discussing current SPAC trends, updates on listing qualification rules that apply to SPACs, and resources for SPAC issuers and sponsors.
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Alta Equipment, (ALTG), the combined company of B. Riley Principal Merger Corp., announced a stock repurchase plan today for up to $10 million of its currently outstanding shares. Additionally, Alta also announced that they have established a Rule 10b5-1 trading plan.
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Roth CH Acquisition I Co. (ROCHU), filed for a $75 SPAC IPO this morning, marking the fifth SPAC to file within the past three days proving that the SPAC pipeline is still healthy, even if everything else is catching Corona fever.
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VectoIQ Acquisition Corp. (VTIQ), announced this morning that they have entered into a definitive agreement to create a company focused on the development of next generation smart transportation.
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Monday morning, we had yet another new IPO filing with Live Oak Acquisition Corp. (LOAK.U), a $200 million SPAC focused on companies in the financial services, industrial, business services, and real estate sectors.
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HL Acquisitions Corp. (HCCH), which is currently working towards closing their combination with Chi Energie (Singapore) PTE Ltd., held their shareholder vote today to extend their completion deadline four months from March 2, 2020 to July 2, 2020.
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This morning, Collective Growth Corp. (CGROU), filed for a new $150 million SPAC focused on the Cannabinoid sector. This team will be led by Bruce Linton, as Chairman and CEO, having previously founded and served as Chairman and CEO of Canopy Growth (NYSE: CGC), a diversified cannabis, hemp and cannabis device company. Additionally,
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On Friday evening, we got the equivalent of a Double Double burger, from the Social Capital Hedosophia team with not one, but two new IPOs. Those filings are the aptly named Social Capital Hedosopia II (“SCH2”), which is a $300 million SPAC focused on technology companies IN the U.S.,
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In an otherwise gloomy day of non-stop Coronavirus news and market oscillation, we did have the Friday gift of not one, but TWO new IPO filings from Social Capital Hedosophia.
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This morning, Pensare Aquisition Corp. (WRLS), released the results of their shareholder vote held yesterday to complete their transaction with Computex. As expected, we did not get any redemption information in this filing, but the vote does show that shareholders approved the combination.
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Fellazo, Inc. (FLLC), which has been working through a number of issues with the Nasdaq regarding their listing requirements, as well as putting in place a new “Sponsor Transfer Agreement” with TKK Capital Holdings, announced tonight that they have appointed Marcum LLP, as their new independent registered public accounting firm, effective February 21, 2020.
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This is turning into “Extension Wednesday”. In addition to Tiberius and Big Rock Partners filing for extensions tonight, Gordon Pointe Acquisition Corp. (GPAQ), also filed a preliminary proxy to extend their deadline 45 more days.
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Big Rock Partners Acquisition Corp. (BRPA), filed a preliminary proxy statement this evening to extend their current deadline from March 23, 2020 to an as-yet-to-be-determined date. However, this will be BRPA’s fourth extension vote since their IPO on November of 2017.
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Tiberius Acquisition Corp. (TIBR), announced today that in addition to their shareholder vote to complete their business combination with International General Insurance Holdings Limited (“IGI”), on March 13th, 2020, they will also be holding an extension vote on March 19th.
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Last night, the GigCapital team filed for their third SPAC with the $200 million GigCapital3, Inc. (GIK.U). Gig3 will be focusing on the technology, media and telecom sectors and will once again be led by Avi S.
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About three weeks ago, when it looked like we might be able to get away with the Coronavirus being contained to just China, it was theorized here that the effect would primarily only be felt by the announced SPAC deals.
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Carol Anne Huff, is back again with a timely look at registration statements. Specifically, the registration statements that are used by de-SPAC’d companies to register shares post-combination close, including the shares underlying the public warrants.
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