Late Friday afternoon, we had a new IPO filing with BI Acquisition Corp. (BIACU), a $200 million metals, mining and natural resources focused SPAC being sponsored by Bedrock Industries. BI will be led by Alan Kestenbaum, as Executive Chairman of the Board, and David Cheney, as CEO and Director.
...READ MORE
Early this afternoon, TPG Pace Holdings Corp. (TPGH), released the details of their shareholder vote to approve their new extension deadline and the results were 100% in favor of extending.
...READ MORE
Trinity Merger Corp. (TMCX), which previously announced their combination with Broadmark real estate lending and management companies (“Broadmark”), filed a preliminary proxy/S-4 this morning with some significant changes to it’s proposed amendment to the warrant agreement.
...READ MORE
Yesterday, Gordon Pointe Acquisition Corp. (GPAQ), released additional documentation regarding their transaction with HOF Village, Inc., but there was a section in the 8-K that had everyone scratching their heads. Specifically, the wording around the warrants and what happens if a shareholder elects to redeem.
...READ MORE
Late this afternoon, China Yunhong Holdings (ZGYHU) made a surprise appearance by filing an amended S-1, indicating their IPO is back on. However, the terms have been changed so this is the “new”, revamped China Yunhong.
...READ MORE
Early this afternoon, Opes Acquisition Corp. (OPES), released the details of their shareholder vote to approve their new extension deadline and the results were not that bad. Opes was left with approximately 80% of their cash in trust and now has an additional two months to announce and close a combination.
...READ MORE
Gordon Pointe Acquisition Corp. (GPAQ), released additional information this morning regarding their transaction with HOF Village, Inc., via an 8-K and a presentation. However, the information provided was still pretty light on details.
...READ MORE
Gordon Pointe Acquisition Corp. (GPAQ), announced late this evening that it had signed a merger agreement with HOF Village, Inc. (“HOFV”). It had been announced previously that GPAQ had entered into a non-binding “agreement in principle” with HOVF back on August 1st, however, it appears all parties are now moving forward to definitively combine.
...READ MORE
Apex Technology Acquisition Corp. (APXTU), announced the pricing of their up-sized $305 million SPAC IPO this evening. Apex Tech’s units are expected to begin trading tomorrow, Tuesday, September 17th, under the symbol NASDAQ: APXTU.
...READ MORE
Mosaic Acquisition Corp. (MOSC), filed their 8-k mid-morning so we have some additional information regarding their transaction with Vivint.
Mosaic Acquisition Corp. (MOSC), the $345 million SPAC led by David Maura, announced this morning that they have entered into a definitive agreement to merge with Vivint Smart Home, Inc. (“Vivint”), a leading smart home technology company with whopping initial enterprise value of $5.6 billion.
...READ MORE
The Happiest of Hours is starting a little early. Mostly because the usual Friday evening rush of filings will most likely result in a “Boozy Dinner” post.
With that being said, in no particular order, the below is a round-up of current SPAC news.
...READ MORE
Experience Investment Corp. (EXPCU), announced the pricing of their $250 million IPO this evening. Experience’s units are expected to begin trading Friday, September 13th, under the symbol NASDAQ: EXPCU.
Experience Investment Corp.
...READ MORE
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.
...READ MORE
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.
...READ MORE
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.
...READ MORE
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.
...READ MORE
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.
...READ MORE
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.
...READ MORE
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.
...READ MORE