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Ascendant Digital Acquisition Corp. (ACND.U) Prices Upsized $360M IPO

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Graf Industrial (GRAF) Releases Extension Vote Results

Jul 23, 2020 INTEL by Kristi Marvin
This afternoon, Graf Industrial Corp. (GRAF), released the details of their shareholder vote, held today, to approve moving their previously extended deadline from July 31, 2020, to October 31, 2020. Per the 8-K, only 1,105 public shares exercised their right to redeem at a price of approximately $10.24 per share and as a result, just
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SPAC Webinar PART II – Combinations

Jul 23, 2020 INTEL by Kristi Marvin

Gateway to Host Second Installment of SPAC Webinar Series on Thursday, July 30, 2020 at 2:00 p.m. ET

– Webinar to Focus on the “De-SPAC” Period, Features Various Leaders With Significant Business Combination Experience –

Gateway Investor Relations, a 20-year-old leading strategic financial communications and capital markets advisory firm, in partnership with SPACInsider, will host the second installment of its SPAC webinar series on Thursday, July 30th at 2:00 p.m.

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hennessy releases results of shareholder vote

Hennessy IV Files Proxy and Says They’ve Signed an LOI

Jul 23, 2020 INTEL by Kristi Marvin
Signed LOI with a company in the “electric vehicle and advanced mobility sector” Hennessy Capital Acquisition Corp. IV (HCAC), filed a preliminary proxy this morning to extend their deadline to December 31, 2020.  More importantly, however, is that within the proxy it stated that HCAC has signed an LOI with a company in the “electric
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Teaser

Andina Acquisition Corp. III (ANDA) Drops a Teaser

Jul 22, 2020 INTEL by Kristi Marvin
Signs non-binding LOI with EMMAC Life Sciences Limited Earlier this morning, Andina Acquisition Corp. III (ANDA), announced they have signed a non-binding LOI with EMMAC Life Sciences Ltd., Europe’s largest independent cannabis company. However, keep in mind that this is still at the non-binding LOI stage, which means neither side is bound to this deal. 
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Deal Terms: Health Sciences 2, Holicity, Yucaipa & BowX

Jul 21, 2020 INTEL by Kristi Marvin
It’s only Tuesday, but we’ve already had seven new SPACs file to IPO since Friday evening.  The SPAC Tsunami is a wave that just won’t quit.  Two more filed today – Kismet  Acquisition One Corp. (KSMT) and ARYA Sciences III (ARYA), plus one yesterday, Gores V (GRSV).   In the interest of trying to keep up
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Reviva-Pharmaceuticals

Tenzing Acquisition Corp. (TZAC) to Combine with Reviva Pharmaceuticals

Jul 21, 2020 INTEL by Kristi Marvin
Tenzing Acquisition Corp. (TZAC), announced this morning that they have signed a definitive agreement and plan of merger (the “Merger Agreement”) for a business combination with Reviva Pharmaceuticals, Inc. (“Reviva”), a California-based clinical stage pharmaceutical company developing therapies that address unmet medical needs in the areas of central nervous system, cardiovascular, metabolic, and inflammatory diseases
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Legacy Acquisition Corp. Announces Termination of Agreement

Jul 21, 2020 INTEL by Kristi Marvin
Covid-19 claims another victim. Legacy Acquisition Corp. (LGC), announced this morning it has terminated its agreement with Blue Impact (Blue Valor Limited), but will continue to seek an alternative business combination. Once again, similar to Allegro Merger Corp. and Leisure Acquisition Corp., the reason cited was Covid-19.  Specifically, Legacy stated, “The termination is in response
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Leo Holdings Corp. (DMS), Files Redemption Results

Jul 20, 2020 INTEL by Kristi Marvin
This morning, Leo Holdings Corp, now Digital Media Solutions (DMS), filed the results of their July 14th vote to complete their combination. For those curious, a SPAC doesn’t have to file this information the day of the vote, but they do have a window of four days. Nonetheless, at Leo’s vote, 18,456,968 shareholders opted to
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IPO-Pricing
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Deal Terms: Deerfield Healthcare, CC Neuberger II and Churchill IV

Jul 16, 2020 INTEL by Kristi Marvin
The SPAC market has been so active as of late, with so many new IPO filings and amended registration statements, that all of SPAC land is struggling to keep up.  So in the interest of rendering a summary of changes the below has been provided, in order of most recently filed first: Deerfield Healthcare Technology
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Leisure Acquisition Corp. Terminates Gateway Deal

Jul 16, 2020 INTEL by Kristi Marvin
As anticipated, Leisure Acquisition Corp. (LACQ), filed a new 8-K this morning announcing they have terminated their combination with Gateway Casinos & Entertainment Limited (“Gateway”).  However, Leisure still has plenty of time left to announce a new combination since they recently extended their deadline on June 23rd.  Their current deadline is December 1, 2020, a
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Additional Info on the Churchill III / Multiplan Combination

Jul 15, 2020 INTEL by Kristi Marvin
On Monday, Churchill Capital Corp. III (CCXX), filed their super 8-K after announcing their combination with Multiplan on Sunday evening. As a result, we had a chance to go through all of the merger documents and found a few items of note.  Unfortunately, the SPAC market has been so active, publishing this took a little
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Fortress Value (FVAC) to Combine with MP Materials

Jul 15, 2020 INTEL by Kristi Marvin
Fortress Value Acquisition Corp. (FVAC.U), announced this morning that they have signed a definitive agreement with MP Materials, the owner and operator of Mountain Pass, the only rare earth mining and processing site of scale in North America. The combined company will have an estimated post-transaction enterprise value of $1.0 billion and an equity value
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