D8 Holdings Corp. (DEH.U) Prices Upsized $300M IPO

Jul 14, 2020 INTEL by Kristi Marvin

D8 Holdings Corp. (DEH.U), announced the pricing of their upsized $300 million IPO tonight and the units are expected to begin trading tomorrow, Wednesday, July 15th, under the symbol NYSE: DEH.U

Leo Holdings Corp. (LHC) Announces Approval of Combination

Jul 14, 2020 INTEL by Kristi Marvin

Leo Holdings Corp. (LHCU), which held their shareholder vote today to approve their combination with Digital Media Solutions, announced these evening that their transaction has been approved.

No word yet on a closing date or redemption amounts, but those should be released shortly.

Malacca Straits Acquisition Co. Ltd. Prices $125M IPO

Jul 14, 2020 INTEL by Kristi Marvin

Malacca Straits Acquisition Company Limited (MLACU), announced the pricing of their $125 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Wednesday, July 15th, under the symbol Nasdaq: MLACU.

The Far Point Drama Continues: Globetrotter Drops a Letter

Jul 14, 2020 INTEL by Kristi Marvin

This morning, Far Point Acquisition Corp. (FPAC) filed an SC 13D/A, in which contained a letter from Globetrotter to the FPAC Board of Directors with a further revised proposal. However, Globetrotter goes out of its way to call it the “Final Proposal“. Zing! Basically, more shots fired over the bow. However, Globetrotter lays out quite
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Tuesday Morning Update: Accel Warrant Exchange, IPO Schedule and PSTH.U

Jul 14, 2020 INTEL by Kristi Marvin

In the interest of trying to keep up with all of the SPAC news, a short summary for this morning has been provided below. Look for an additional article on Churchill III, later today. Accel Entertainment Accel Entertainment, Inc. (ACEL), formerly the TPG Pace Holdings SPAC, announced this morning that it has commenced it’s warrant
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Artius Acquisition Inc. Prices Upsized $630M IPO

Jul 13, 2020 INTEL by Kristi Marvin

Artius Acquisition Inc. (AACQU), announced the pricing of their upsized $630 million SPAC IPO this evening and the units are expected to begin trading tomorrow, July 14th, under the symbol NASDAQ: AACQU.

PTK Acquisition Corp. (PTK.U) Prices $100M SPAC IPO

Jul 13, 2020 INTEL by Kristi Marvin

PTK Acquisition Corp. (PTK.U), announced the pricing of their $100 million SPAC IPO this morning and the units are expected to begin trading today, Monday, July 13th, under the symbol NYSE: PTK.U

Spartan Energy Makes it Official: To Combine with Fisker

Jul 13, 2020 INTEL by Kristi Marvin

Spartan Energy floors it and gives Tesla something new to worry about. Spartan Energy Acquisition Corp (SPAQ)., the $552 million Apollo-backed SPAC, confirmed the rumors this morning that it would combine with Fisker Inc., the automaker dedicated to developing, “the most emotionally desirable and eco-friendly electric vehicles on Earth.” This transaction will provide more than
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Haymaker Acquisition Corp. II Drops a Teaser

Jul 13, 2020 INTEL by Kristi Marvin

Signs non-binding LOI with ARKO Holdings Ltd. and GPM Investments, LLC. Early this morning, Haymaker Acquisition Corp. II (HYAC), announced they have signed a non-binding LOI with ARKO Holdings Ltd. (“Arko”), an Israeli public holding company (TASE: ARKO) and GPM Investments, LLC, to become a Nasdaq-listed, pure-play operator of convenience stores. which is the 7th
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Churchill III (CCXX) Announces Combination with Multiplan

Jul 12, 2020 INTEL by Kristi Marvin

In keeping with the unusual activity of the past two months, Churchill Capital Corp. III (CCXX), announced they have signed a definitive merger agreement with Multiplan, Inc., tonight, on a Sunday evening ahead of what is anticipated to be a very busy week. At $11.0 billion in enterprise value, this is the largest SPAC transaction
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Big Rock Partners (BRPA) Adds a Twist to its Extension Vote

Jul 10, 2020 INTEL by Kristi Marvin

Big Rock Partners Acquisition Corp. (BRPA), filed a definitive proxy statement this morning ahead of its July 23rd extension vote, and in addition to filling in some previously blank information, they added an innovative little twist on its monthly contribution to extend. But first, the initial details for this vote are that BRPA will be
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Therapeutics Acquisition Corp. (TXAC) Prices Upsized $118M IPO

Jul 8, 2020 INTEL by Kristi Marvin

Therapeutics Acquisition Corp. (TXAC), announced the pricing of their upsized $118 million SPAC IPO this afternoon and the shares are currently trading under the symbol Nasdaq: TXAC.

Therapeutics Acquisition Corp. is being sponsored by RA Capital Management, L.P.,

TXAC’s IPO Confirms the New Terms Standard of Zero Warrants

Jul 8, 2020 INTEL by Kristi Marvin

At least for small, tightly focused SPACs. Similar to Panacea Acquisition Corp.’s IPO last Wednesday (PANA.U), Therapeutics Acquisition Corp. (TXAC), came roaring right out of the gate to open at $11.25. However, it’s currently trading in the $12.00 range after going as high as $13.50. And Therapeutics does not have any warrants included as part
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Pure Acquisition Corp. Further Revises HighPeak Energy Deal

Jul 7, 2020 INTEL by Kristi Marvin

Pure Acquisition Corp. (PACQ), filed an 8-K this morning summarizing the changes it has made to it’s business combination agreement with HighPeak Energy, Inc. These changes were made to, “enhance the return for those Pure stockholders who participate in the business combination.” However, since there have been so many changes, let’s review to better understand what’s
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Spartan Energy Files a For an Extension

Jul 6, 2020 INTEL by Kristi Marvin

And has a “Non-binding LOI” Spartan Energy Acquisition Corp (SPAQ)., filed a preliminary extension proxy this afternoon to extend from August 14, 2020 to February 14, 20201, a full six month extension. However, Spartan will not be contributing any additional funds to trust for extending six months, and this is without a teaser combination press
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Orisun Aquisition Corp. to Combine with Ucommune

Jul 6, 2020 INTEL by Kristi Marvin

Orisun Acquisition Corp. (ORSN) announced this morning that it has signed a definitive merger agreement with Ucommune Group Holdings (“Ucommune”), an agile office space manager and co-working community operator in China. Upon consummation of the transaction, Ucommune is expected to re-domicile to the Cayman Islands and remain listed on the Nasdaq under a forthcoming new
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Therapeutics Acquisition Corp. Re-files WITHOUT Warrants

Jul 6, 2020 INTEL by Kristi Marvin

Is a SPAC still a SPAC without warrants? This morning, Therapeutics Acquisition Corp. (TXAC), filed an amended S-1 revealing that this SPAC will no longer be a unit deal. Instead, Therapeutics has removed the original 1/3 warrant and will IPO with just shares. It’s certainly a cleaner structure – zero warrant overhang and none of
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Q2 & First Half 2020 SPAC IPO Auditor League Tables

Jul 4, 2020 Auditor League, INTEL by Kristi Marvin

Q2 & First Half 2020 SPAC IPO Auditor League Tables

Below are the newly released SPAC Auditor League Tables for the second quarter of 2020 and the first half of the year. As you can see below, the Auditor League is dominated by just two auditing firms - Marcum LLP and WithumSmith+Brown ("Withum"). So each quarter is generally just a look into how close these two competitors come to edging each other out.
Read More

Q2 & First Half 2020 SPAC IPO Legal League Tables

Jul 4, 2020 INTEL, Legal League by Kristi Marvin

Below are the recently released Q2 & First Half 2020 SPAC IPO Legal League Tables

Methodology: Each law firm is given full credit for the IPO size to calculate Deal Volume. Additionally, Deal Count is further broken out into Issuer's Counsel and Underwriter's Counsel to give greater visibility into into legal assignments. All data is initially sorted and ranked by Deal Volume, but each column is further sort-able by clicking on the arrow keys in the header cell of each column.
Read More

HL Acquisitions Corp. Releases Extension Vote Results

Jul 2, 2020 INTEL by Kristi Marvin

HL Acquisitions Corp. (HCCH), which previously announced their intended combination with Fusion Welcome-Fuel, held their shareholder vote today to extend their completion deadline three months to October 2, 2020. The extension was approved, but more importantly, HCCH had a very light number of shareholders redeem, thanks to a share price trading around $12.22, which is well above the estimated cash in trust value of $10.56.