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  • Draper Oakwood Gets Two Backstops to Secure Its Combination
    Draper Oakwood Gets Two Backstops to Secure Its Combination

    Draper Oakwood Technology Acquisition, Inc. (DOTA), announced this morning that it has arranged two backstops to secure its business combination with Reebonz Limited.  However, most of the finer details that you would want to see (and that DOTA doesn’t want you to see) have been left out.  Presumably,  DOTA will…

  • Chardan Healthcare Acquisition Corp. (CHAC.U) Prices $70 Million SPAC
    Chardan Healthcare Acquisition Corp. (CHAC.U) Prices $70 Million SPAC

    Chardan Healthcare Acquisition Corp. (CHAC.U), the Chardan-backed SPAC focusing on Healthcare companies in North America, priced their $70 million IPO Thursday evening, wrapping up a very active 2018 for SPACs. CHACU, which is being led by senior members of Chardan Capital Markets, should be the final SPAC for the year, bringing 2018’s grand…

  • New Addition to the Yield-To-Maturity Tables…
    New Addition to the Yield-To-Maturity Tables…

    Some of you may have already noticed, but yesterday, we added two new tables to the Yield-To-Maturity page.  However, a bit of background first…. The initial Yield-To-Maturity tables we published used a very conservative method whereby we used either the trust value at IPO (for SPACs still searching for targets)…

  • One Madison Corp. (OMAD) Announces Business Combination with Ranpak
    One Madison Corp. (OMAD) Announces Business Combination with Ranpak

    One Madison Corp. (OMAD), announced Thursday morning that they have signed a definitive agreement with affiliates of Rhône Capital (“Rhône Capital”), to combine with Ranpak Corporation (“Ranpak”), sustainable systems-based packaging solution for e-Commerce and industrial supply chains. This transaction will introduce Ranpak as a publicly listed company with an anticipated enterprise value of approximately…

  • CF Finance Acquisition Corp. (CFFAU) Prices $250 Million SPAC
    CF Finance Acquisition Corp. (CFFAU) Prices $250 Million SPAC

    CF Finance Acquisition Corp. (CFFAU), the Cantor Fitzgerald sponsored SPAC, priced their $250 million IPO this evening and the units are expected to begin trading on Thursday, December 13th, under the symbol Nasdaq: CFFAU. CF Finance intends to focus on companies in the financial or real estate services sectors and…

  • Gores Metropoulos, Inc. Files for $375 SPAC IPO
    Gores Metropoulos, Inc. Files for $375 SPAC IPO

    This morning, we had a surprise new IPO filing in the form of a $375 million “Gores” SPAC, but this time with the addition of Dean Metropoulos, the billionaire investor that has been involved in roughly 80 transactions in the food and consumer sectors.  Some of those transactions include investments in…

  • CF Finance (CFFAU) Goes to 3/4 of a Warrant Ahead of Pricing
    CF Finance (CFFAU) Goes to 3/4 of a Warrant Ahead of Pricing

    CF Finance Acquisition Corp., in a very surprising move, re-filed their prospectus this afternoon changing their warrant included in their unit from a full warrant to three-quarters of a full warrant.  It is highly unusual to amend terms to a LESS favorable position for investors rather than the other way…

  • Schultze Special Purpose Acquisition Corp. (SAMAU) Prices $130 Million SPAC
    Schultze Special Purpose Acquisition Corp. (SAMAU) Prices $130 Million SPAC

    Schultze Special Purpose Acquisition Corp., priced their slightly down-sized $130 million SPAC this morning and is now trading under the symbol Nasdaq: SAMAU.  Due to the change in size, a press release was not available right away, however, we updated our tables once we we had confirmation. Nonetheless, in light…

  • Draper Oakwood Technology (DOTA) Amends Shareholder Voting Requirement
    Draper Oakwood Technology (DOTA) Amends Shareholder Voting Requirement

    Draper Oakwood Technology Acquisition Corp. (DOTA), put out a press release this morning removing the recently added requirement that in order for shareholders to exercise their redemption rights, they MUST vote either for or against the Business Combination Proposal in addition to redeeming their shares.  At first glance, you might think,…

  • Friday Happy Hour Update:  Schultze, Chardan Healthcare & CF Finance Get Ready to Price
    Friday Happy Hour Update: Schultze, Chardan Healthcare & CF Finance Get Ready to Price

    This afternoon, both Chardan Healthcare (CHACU) and CF Finance (CFFAU) filed amended S-1s, indicating they are getting ready to price next week. Chardan Healthcare’s S-1/A consisted mostly of nits and clarifying their underwriting fees regarding the $100,000 to be paid to B. Riley FBR as Qualified Independent Underwriter, so there were…

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