William Foley II and Trasimene returned for another IPO last Friday when Trebia Acquisition Corp. (TREB.U), filed for a smaller $375 million SPAC IPO. Trebia’s team is similar to that of Foley Trasimene Acquisition Corp. (WPF), which Richard Massey and William Foley filed as a $900 million IPO just a…

We have another teaser….this morning, Schultze Special Purpose Acquisition Corp. (SAMA), announced ahead of their forthcoming deadline extension vote that they have signed a non-binding LOI with Clever Leaves, a multi-national cannabis operator. Interestingly, this is not a teaser where the SPAC makes you guess who they’re buying.  Instead, SAMA…

Mudrick Capital Acquisition Corp. (MUDS), released the results of their shareholder vote this morning to complete their business combination with Hycroft Mining Corporation, and as expected, this combination was approved.  Unfortunately, the most important information, the redemption results, were not included in the filing.  However, the good news is, we…

LONGEVITY ACQUISITION CORP. (LOAC) On May 22nd, Longevity Acquisition Corp. (LOAC), held their shareholder vote to extend their completion deadline to November 30th, and while LOAC was offering $0.025 per month (for six months) as contribution to trust, redemptions were, once again, on the heavy side. Per the 8-K, of…

This morning, DraftKings (DKNG), which recently combined with Diamond Eagle Acquisition Corp., announced they will be redeeming all of their public warrants that remain outstanding at 5:00 p.m. New York City time on June 26, 2020 (the “Redemption Date”) and are requiring a cash exercise.  However, the private placement warrants that…

MEGALITH FINANCIAL ACQUISITION CORP. (MFAC) Yesterday, Megalith Financial Acquisition Corp. (MFAC), held their shareholder vote to extend their completion deadline to August 28th, and while the extension was approved, redemptions were on the heavy side. 13,733,885 shares opted to redeem at the vote, or approximately 81.1% of public SPAC shares,…

Discloses 15% stake in a 13-D filing. Global Blue, via Silver Lake, has apparently been hoovering up FPAC public shares in an attempt to control the outcome of this combination to the tune of $97,827,426.53.  As disclosed in this morning’s filing, Globetrotter (Silver Lake’s affiliate) now owns 9,487,500 shares with…

Foley Trasimene Acquisition Corp. (WPF.U), announced the pricing of their upsized $900 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Wednesday, May 27th, under the symbol NYSE: WPF.U. Foley Trasimene Acquisition Corp. will be sponsored by Bilcar FT, LP, an affiliate of Bilcar Limited…

Hudson Executive Investment Corp. (HECCU), filed for a $300 million IPO last night, bringing the year-to-date potential tally of SPAC IPOs to 33, with 27 already priced. However, Hudson Executive Investment Corp. will be focusing on two seemingly disparate sectors – fintech and healthcare – but its sponsor, Hudson Executive…

Most people have probably already seen a few of the headlines surrounding the U.S. Senate passing a bill that could result in Chinese companies being de-listed from U.S. exchanges. However, what is still unclear is which companies are truly at risk. What we currently do know is that the bill…