Pensare Aquisition Corp. (WRLS) announced this morning that they intend to adjourn today’s extension vote. Instead, the vote will be held tomorrow, July 31st, at which, shareholders will be asked to approve a four-month extension of their deadline to December 1, 2019.
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Leo Holdings Corp. (LHC), and Queso Holdings, Inc., the parent company of CEC Entertainment, Inc. (Chuck E. Cheese), announced this morning that they have mutually terminated their business combination agreement.
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Early this afternoon, Gordon Pointe Acquisition Corp. (GPAQ), released the details of their shareholder vote to approve their extension deadline to October 31, 2019, from July 30, 2019. As a result, the Company’s Sponsor will be contributing $0.10 to the trust account for each public share that was not redeemed.
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In very surprising news, Switchback Energy (SBE.U), the $300 million energy SPAC, underwritten by Goldman Sachs, Citigroup and Credit Suisse, opened today at $9.95.
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KBL Merger Corp. IV (KBLM), announced this morning that they have now signed a definitive agreement with CannBioRx Life Sciences Corp. (“CannBioRx”), with which they had previously announced an LOI agreement.
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Switchback Energy Acquisition Corp. (SBE.U), announced the pricing of their $300 million SPAC IPO this evening. Switchback Energy’s units are expected to begin trading Friday, July 26th, under the symbol NYSE: SBE.U.
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Ahead of Pensare’s scheduled July 30th extension vote, Pensare Acquisition Corp. (WRLS), announced this morning that they have entered into a definitive agreement to combine with Stratos Management Systems, Inc.
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Fellazo Inc. (FLLCU), announced the pricing of their $50 million SPAC IPO late yesterday evening. Fellazo’s units are expected to begin trading today, July 25th, under the symbol Nasdaq: FLLCU.
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TPG Pace Holdings (TPGH), in a somewhat early move, filed a preliminary proxy this morning for an new extension vote to move their deadline from September 30, 2019 to December 31, 2019.
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Monday evenings are typically heavy on filings, so in the interest of time, a short summary of the most important news has been provided below.
Capitol Investment Corp IV, which recently closed their transaction with Nesco, filed some additional documentation this morning.
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On Friday evening, Silver Spike Acquisition Corp. (SSPKU), filed for a $250 million IPO focused on the Cannabis sector. Scott Gordon, who is the founder and Chief Executive Officer of Silver Spike Capital, a newly formed investment platform dedicated to the cannabis industry, will be leading Silver Spike (the SPAC) as CEO and Chairman.
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As expected, Black Ridge Acquisition Corp. (BRAC), is still busy rounding up backstops ahead of the closing of their business combination with Allied Esports. To that end, BRAC announced this morning that they have entered into a Share Purchase Agreement for another $5 million.
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This morning, Capitol Investment Corp. IV (CIC), released the details of their shareholder vote to approve their combination with Nesco Holdings. However, once again, no details on redemption counts, or at what price, were provided.
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If the closing of the first Thunder Bridge was the crack of lightning, tonight we got the thunder… Earlier this evening, we had the debut of Thunder Bridge Acquisition II, Ltd.
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Conyers Park II Acquisition Corp. (CPAAU), announced the pricing of their $400 million SPAC IPO this evening. Conyers Park II’s units are expected to begin trading Thursday, July 18th, under the symbol NASDAQ: CPAAU.
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Oaktree Acquisition Corp. (OAC.U), announced the pricing of their $175 million SPAC IPO this evening. Oaktree’s units are expected to begin trading Thursday, July 18th, under the symbol NYSE: OAC.U.
Oaktree will focus on the industrial and consumer sectors and will be led by John Frank, as Chairman, and Patrick McCaney, as CEO and Director.
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Black Ridge Acquisition Corp. (BRAC) just announced they are postponing their shareholder vote date. The original meeting date was scheduled for June 28th, but was then moved to July 22nd, after their one-month extension vote was held on July 9th.
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UPDATE: After having a chance to go through the documents that were filed this morning, additional information has been included below in blue. This appears to be a highly negotiated transaction given the number of stipulated conditions and requirements.
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Last night, in the ongoing drama between Accel Entertainment and their minority shareholder, Clairvest, Clairvest put out a press release stating that they have filed a lawsuit to block Accel Entertainment’s merger with TPG Pace Holdings (TPGH).
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Chardan Healthcare Acquisition Corp. (CHAC) announced this evening that it has entered into a business combination agreement with BiomX Ltd. (“BiomX”). BiomX is a preclinical stage microbiome company developing both natural and engineered phage cocktails designed to target and destroy bacteria that affect the appearance of skin, as well as harmful bacteria in chronic diseases, such as IBD, PSC, and cancer.
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