Therapeutics Acquisition Corp. (TXAC), announced the pricing of their upsized $118 million SPAC IPO this afternoon and the shares are currently trading under the symbol Nasdaq: TXAC. Therapeutics Acquisition Corp. is being sponsored by RA Capital Management, L.P., and is being led by Chairman and CEO Peter Kolchinsky PhD, and…

At least for small, tightly focused SPACs. Similar to Panacea Acquisition Corp.’s IPO last Wednesday (PANA.U), Therapeutics Acquisition Corp. (TXAC), came roaring right out of the gate to open at $11.25.  However, it’s currently trading in the $12.00 range after going as high as $13.50.  And Therapeutics does not have…

Pure Acquisition Corp. (PACQ), filed an 8-K this morning summarizing the changes it has made to it’s business combination agreement with HighPeak Energy, Inc. These changes were made to, “enhance the return for those Pure stockholders who participate in the business combination.”  However, since there have been so many changes, let’s…

And has a “Non-binding LOI” Spartan Energy Acquisition Corp (SPAQ)., filed a preliminary extension proxy this afternoon to extend from August 14, 2020 to February 14, 20201, a full six month extension.  However, Spartan will not be contributing any additional funds to trust for extending six months, and this is…

Orisun Acquisition Corp. (ORSN) announced this morning that it has signed a definitive merger agreement with Ucommune Group Holdings (“Ucommune”), an agile office space manager and co-working community operator in China.  Upon consummation of the transaction, Ucommune is expected to re-domicile to the Cayman Islands and remain listed on the…

Is a SPAC still a SPAC without warrants? This morning, Therapeutics Acquisition Corp. (TXAC), filed an amended S-1 revealing that this SPAC will no longer be a unit deal.  Instead, Therapeutics has removed the original 1/3 warrant and will IPO with just shares. It’s certainly a cleaner structure – zero…

Q2 & First Half 2020 SPAC IPO Auditor League Tables Below are the newly released SPAC Auditor League Tables for the second quarter of 2020 and the first half of the year. As you can see below, the Auditor League is dominated by just two auditing firms –  Marcum LLP…

Below are the recently released Q2 & First Half 2020 SPAC IPO Legal League Tables Methodology: Each law firm is given full credit for the IPO size to calculate Deal Volume. Additionally, Deal Count is further broken out into Issuer’s Counsel and Underwriter’s Counsel to give greater visibility into into legal assignments. All data is initially sorted and…

HL Acquisitions Corp. (HCCH), which previously announced their intended combination with Fusion Welcome-Fuel, held their shareholder vote today to extend their completion deadline three months to October 2, 2020.  The extension was approved, but more importantly, HCCH had a very light number of shareholders redeem, thanks to a share price…

This morning, Graf Industrial Corp. (GRAF) set the rumors to rest by announcing they have entered into an Agreement and Plan of Merger with Velodyne Lidar. As recently as April of 2020, Graf had been in “negotiations” to combine with a polypropylene recycling company, so the deal makers at Graf…