Greenland Acquisition Corp. (not Trump’s personal SPAC trying to buy the country), but the $44 million China-focused SPAC that is proposing to acquire Zhongchai Holding (Hong Kong) Limited, a developer and manufacturer of transmission products for material handling machineries in China, announced a $6.0 million PIPE at $10.25 per share yesterday.
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Modern Media Acquisition Corp. (MMDM), today announced the completion of their merger with Akazoo Ltd. The shareholder vote was held a full two weeks ago on August 28th, so this has been an extra long close.
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Pure Acquisition Corp. (PACQ), in a not totally unexpected move, filed a preliminary proxy this evening for an October 10th shareholder vote to extend to February 17, 2020. However, what was unexpected (and also found within the proxy) was the stated intention to commence a tender offer for their outstanding warrants at $1.00…now.
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New Providence Acquisition Corp. (NPAUU), launched the Fall SPAC season this evening by announcing the pricing of their $200 million IPO. New Providence’s units are expected to begin trading Wednesday, September 11th, under the symbol NASDAQ: NPAUU.
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Early this morning, Social Capital Hedosophia Acquisition Corp. (IPOA), released the details of their shareholder vote to approve their extension deadline and the results were as expected. IPOA now has an additional three months to close their combination with Virgin Galactic with a new deadline of December 18, 2019.
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TPG Pace Holdings (TPGH), filed their definitive proxy tonight and set a September 20th vote date to extend their completion deadline three months to December 31, 2019.
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Opes Acquisition Corp. (OPES), a Mexico-focused SPAC, filed their definitive proxy tonight ahead of their shareholder vote to extend their completion deadline, scheduled for Monday, September 16th. Previously, OPES had filed their preliminary proxy back on August 23rd, but there were a number of blanks throughout that document.
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TPG Pace Holdings (TPGH) is starting the month off on a high note since it was announced this morning that Clairvest, its minority shareholder that had previously filed a lawsuit to block the merger between TPGH and Accel Entertainment, has voluntarily dismissed its litigation.
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As expected, GigCapital, Inc. (GIG) announced this afternoon its intention to do a cash tender offer for its outstanding Rights. This comes on the heels of GIG previously tipping off investors that it wanted to do something about its Rights when GIG announced back on August 19th that it had begun it’s “de-SPACing” process.
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Modern Media Acquisition Corp. (MMDM), which had their shareholder vote today to approve their combination with Akazoo Ltd., released their vote results and there were, surprisingly, few redemptions. Only 48,719 shares redeemed at an estimated $10.35 per share, removing approximately $504,241.
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This afternoon, Constellation Alpha Capital Corp. (CNAC), released the details of their shareholder vote to approve their merger with Dermtech, Inc., and there weren’t any surprises. The combination was approved with 4,218,390 “yes” votes and only 450,000 votes in the “no” column, however, 714,075 shares opted to redeem.
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Late Friday evening, we had a second IPO filing with New Providence Acquisition Corp., a $200 million consumer focused SPAC being led by Alex Coleman and Gary Smith. Alex Coleman will be leading as Chairman and Chief Executive Officer, while Gary Smith will be the co-Chief Executive Officer and Director.
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Late Friday, Experience Investment Corp. filed for a $250 million travel and leisure focused SPAC, tee-ing up a mid-September IPO. And “tee-ing” seems appropriate given that Experience will be led by Eric Affeldt, who was evidently “rated the most powerful person in golf by Golf Inc.,
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Early this afternoon, Big Rock Partners Acquisition Corp. (BRPA), released the details of their shareholder vote to approve their extension deadline to November 22, 2019, from August 22, 2019. As a result, the Company’s Sponsor will be contributing $0.02 to the trust account per month for each public share that was not redeemed, or $78,666.80
Per the 8-K, 846,888 shares of the Company’s common stock elected to redeem, which resulted in approximately $8.9 million (at an estimated $10.49 per share) being removed from the Trust Account.
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Legacy Acquisition Corp. (LGC), announced this morning that it has entered into a definitive share exchange agreement with the Blue Impact group business — a digital-first, global advertising and marketing services group (the “Blue Impact business”), a subsidiary of Blue Focus Intelligent Communications Group (“BFICG”), LLC.
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GigCapital, Inc. (GIG) announced earlier this afternoon that it had begun its “de-SPACing” process via a press release and then later, an 8-K filing.
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Early this afternoon, Apex Technology Acquisition Corp. filed for a $275 million software/technology focused SPAC, ending the late-summer IPO drought. If you recall, the last SPAC to file for IPO was Silver Spike, which debuted more than three weeks ago on July 22nd.
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Trinity Merger Corp. (TMCX), announced their combination with Broadmark on Monday, and also included in the filed documents was a proposed amendment to the warrant agreement. However, how the way the language was worded was very confusing.
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Legacy Acquisition Corp. (LGC), the $300 million consumer-focused SPAC led by Edwin Rigaud, filed a preliminary proxy this morning with a proposal to extend their deadline from November 21, 2019 to January 21, 2020.
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Boxwood Merger Corp. (BWMC), announced this morning that they have entered into a definitive agreement with Atlas Intermediate Holdings LLC (“Atlas”), a provider of professional testing, inspection, engineering and consulting services.
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