Late this afternoon, Twelve Seas Investment Company filed an amended S-1 that included an upsized offering for a $150 million IPO, previously $100 million. As we’ve mentioned before, this team is stacked with a lot of SPAC experience and that is a very big plus, so we can only surmise that initial feedback must have been so positive as to warrant an upsize of 50%. The
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LF Capital Acquisition Corp., a SPAC focused on the Fintech sector, filed an amended S-1 yesterday with a few important changes.
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Apollo Global management is rumored to have a SPAC management team already in place and has confidentially filed with the SEC. This
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This evening, Far Point announced the pricing of their $550 million, Third Point sponsored SPAC. The unit will begin trading Tuesday morning under the symbol FPAC.U.
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After a banner year in 2017 for SPACs with 34 total deals raising a little over $10 billion, everyone is naturally curious to see if we’ll have a repeat in 2018.
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HL Acquisitions Corp., a SPAC focused on the “hydrocarbon logistics and processing sector” filed for a $42.5 million IPO today. HL Acquisitions is headed by CEO, Jeffrey Schwarz, the co-founder of Metropolitan Capital Advisors, Inc.,
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This morning, GS Acquisitions Holdings announced the pricing of their $600 million Goldman Sachs sponsored SPAC. The unit will begin trading this morning under the symbol GSAH.U.
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GS Acquisition Holdings filed their NYSE Certification this morning further indicating it is pricing its SPAC IPO tonight for trading tomorrow – Friday, June 8th.
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Far Point Acquisition Corp, the Third Point LLC sponsored Fintech SPAC, filed an amended S-1 today, upsizing the deal to $500 million.
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Late today, New Frontier Corp. filed for a $200 million IPO focused on healthcare, technology or education sectors in China, which they refer to as the “Chinese new economy sectors”.
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Well that was fast. From initial S-1 filing to marketing took all of 17 days for the $600 million GS Acquisition Holdings Corp. Phenomenal work by the lawyers getting through the SEC comment period faster than you can say, “warrant redemption for shares”.
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Osprey Energy Acquisition Corp., an energy-focused SPAC, announced this morning it has entered into a definitive agreement to acquire the assets of Royal Resources, an entity owned by funds managed by Blackstone Energy Partners and Blackstone Capital Partners.
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Late this afternoon, Twelve Seas Investment Company filed for a $100 million IPO. Twelve Seas is headed by former KKR General Partner, Neil Richardson, and Dmitri Elkin, former General Partner of UFG Private Equity.
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GS Acquisition Holdings filed an amended S-1 yesterday, adding three new Directors to the Board. They are James Albaugh, former President and CEO of Boeing, Roger Fradin, former president and chief executive officer of Honeywell’s Automation and Control Solutions business, and Steven Reinemund, former Chairman, Executive Chairman and CEO of PepsiCo.
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This morning, Trident Acquisitions Corp. announced the pricing of their $175 million Eastern European energy-focused SPAC and the unit began trading late this morning under the symbol TDACU.
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A press release today announced that BTIG has hired Gil Ottensoser, to lead their SPAC Banking and Capital Markets effort, signaling a major push into the Special Purpose Acquisition Company field by BTIG.
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Crescendo Partners’ Eric Rosenfeld, filed for a $130 million IPO late Tuesday, making Allegro Merger Corp., Rosenfeld’s sixth consecutive SPAC. In addition to an obsessive penchant for musical-term branding, the Allegro team and board seem to have a penchant for each other as well, since all have worked together (with the exception of board member Robert Deluce) on one or more of Rosenfeld’s five prior SPACs.
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Before everyone heads out for Memorial Day Weekend (because as we all know, not a whole lot is going to get done tomorrow), a few items of note below on NESR, OMAD and OACQF.
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By now, most people who follow the SPAC product have heard about the Goldman Sachs sponsored, GS Acquisition Holdings Corp.
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