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  • Happy Hour Update:  DFBH, LACQ, GIG, TMCX, STNL
    Happy Hour Update: DFBH, LACQ, GIG, TMCX, STNL

    It’s technically Taco Tuesday, but there were multiple filings tonight, so have a drink and soak in all the SPAC action. In no particular order, the below is a round-up of current SPAC news. DFB HEALTHCARE (DFBH) DFB Healthcare Acquisition Corp. (DFBH) filed a new preliminary proxy tonight. A shareholder…

  • Pure Acquisition Corp. (PACQ) Releases Extension Vote Info
    Pure Acquisition Corp. (PACQ) Releases Extension Vote Info

    This afternoon, Pure Acquisition Corp. (PACQ), released the results of their shareholder vote to approve their new extension deadline from October 17th, 2019 to February 17, 2020, however there wasn’t a lot of detail included in the 8-K.  Additionally, the results of the Tender Offer for the Warrants has unfortunately…

  • Chardan Healthcare Amends Merger Agreement
    Chardan Healthcare Amends Merger Agreement

    But there’s a larger trend happening….   Chardan Healthcare Acquisition Corp. (CHAC) filed an 8-K on Friday evening announcing a number of amendments to their merger agreement with BiomX Ltd.  The details, of which, are the following: Investors have committed or are expected to commit to an additional purchase of $5.0…

  • FinServ Acquisition Corp. Files $200 Million SPAC
    FinServ Acquisition Corp. Files $200 Million SPAC

    Late Friday evening, we had a second SPAC file for IPO with FinServ Acquisition Corp. (FSRVU).  FinServ is a $200 million financial services and fintech-focused SPAC being led by Lee Einbinder, who is the former Vice Chairman of Barclays.  Mr. Einbinder, who recently retired from Barclays in August of this…

  • Osprey Technology Acquisition Corp. Files $250M SPAC
    Osprey Technology Acquisition Corp. Files $250M SPAC

    Friday evening, the Osprey team filed their second SPAC with the $250 million Osprey Technology Acquisition Corp. (SFTW.U). Osprey Tech will be focused on the technology sector and in particular, Software-as-a-Service companies (SaaS). Additionally, Osprey Tech will once again be led by the Co-Chairmen team of Edward and Jonathan Cohen,…

  • UPDATED: Tiberius to Combine with International General Insurance Holdings
    UPDATED: Tiberius to Combine with International General Insurance Holdings

    Updates in blue, below: Tiberius Acquisition Corp. (TIBR), announced very late last night that it had signed a definitive agreement to combine with International General Insurance Holdings Ltd. (“IGI”).  IGI is an A (Excellent) AM Best rated international specialist (re)insurer underwriting a worldwide portfolio of energy, property, construction & engineering,…

  • GigCapital (GIG) Gets ANOTHER Backstop with Glazer Capital
    GigCapital (GIG) Gets ANOTHER Backstop with Glazer Capital

    Just when you thought Gig was done making arrangements to close their combination……nope.  They’re back with another.  This time with Glazer Capital, LLC (“Glazer”).  This new, non-binding LOI with Glazer is similar to yesterday’s non-binding LOI with Nomura, with a few tweaks. Essentially, Gig will be acquiring (post-combination close) the…

  • Investor Relations – A Neglected Function in the de-SPAC Process?
    Investor Relations – A Neglected Function in the de-SPAC Process?

    We’ve talked before about how challenging the de-SPACing process is and the importance of marketing a combination. Specifically, if sector/long-only investors do not know a SPAC combination exists, how will they ever know they want to own the stock? This is why having an effective marketing plan is so crucial…

  • GigCapital (GIG) Gets a $21M Backstop with Nomura
    GigCapital (GIG) Gets a $21M Backstop with Nomura

    We have more Gig news….and for the record, there has been a Gig announcement nearly every day for the past week as it moves towards closing its combination with Kaleyra. Yesterday’s news, however, involves a non-binding letter of intent with an affiliate of Nomura Securities International, Inc. (“Nomura”). The details…

  • Merida Merger Corp. I Files $100 Million SPAC
    Merida Merger Corp. I Files $100 Million SPAC

    This morning, Merida Merger Corp. I (MCMJU). filed for a $100 million cannabis-focused SPAC, bringing the count to six for the number of SPACs we have on file to IPO.  Merida I (the SPAC), will be sponsored by Merida Capital Partners III LP, which is the recently launched third fund…

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