Monocle Acquisition Corporation (MNCL), re-filed their S-1 this afternoon, however, there were no changes to their terms.  The new fIling appears to be for the purposes of re-starting the 20-day clock since, once again, the delaying amendment has been removed. Monocle’s last S-1 was filed January 3rd, which meant tomorrow,…

To quote Fleetwood Mac: “Thunder only happens when it’s raining.”  So did they make it rain? Thunder Bridge Acquisition Ltd. (TBRG), announced this morning that they have signed a definitive merger agreement with REPAY Holdings, for an implied enterprise value at closing of $653 million. REPAY, a provider of vertically-integrated payment…

This morning, DiamondPeak Holdings Corp. (DPHCU) filed for a $250 million SPAC IPO focused on the real estate sector.  DiamondPeak will be led by David Hamamoto, the former founder of the Northstar Companies, which was sold to Colony Capital (NYSE: CLNY) in January of 2017. Mr. Hamamoto will be the…

For lack of a better way to describe the SPACs we currently have on file to IPO, we’re going to call this group the “Government Shutdown SPACs.” This is due to the fact that six of the seven have had to remove their delaying amendments just so they can price…

Pensare Acquisition Corp. (WRLS), announced this evening that the company has agreed to contribute to its trust, $0.033 per month for each share that is not redeemed in connection with their stockholder vote to extend their completion deadline.  Pensare is currently scheduled to hold their vote on January 28th, and…

This afternoon, RMG Acquisition Corp. (RMG.U), filed a new registration statement with both the removal of the delaying amendment and two Anchor Investors in the form of BlackRock, Inc. and Alta Investment Advisers LLC. The Anchor investors have expressed interest in purchasing 2,530,000 units in the offering ($25.3 million) and…

(1/15/19) UPDATE: The below section updates yesterday’s post based on recently filed information. This morning, Churchill Capital held a conference call and webcast to discuss their recently announced merger with Clarivate Analytics.  Additionally, Churchill also released additional information regarding details of the transaction as well as filed a presentation.  Below…

Herding a deal is tough work. GTY Technology released an 8-K this morning outlining recent changes to their merger agreement with one of their six targets (eCivis) as well an amendment to the underwriting agreement with Citigroup.  Additionally, GTY also went and rounded up a $66.6 million PIPE to backstop…

Union Acquisition Corporation (LTN), announced this morning their intent to make purchases of up to $3 million of Union’s shares, rights and/or warrants in the open market. The actual number of shares, rights and/or warrants which will be purchased, and the timing of such purchases, will be determined by the members of UAC’s…

UPDATE:  Late this afternoon Churchill Capital Corp. sent out a new press release with a rescheduled time for their conference call and webcast tomorrow morning to discuss their recently announced transaction with Clarivate Analytics.  The new time is now 9:00 a.m. (ET) and the dial-in and links have been updated below:…