The Latest News in SPACs
GSAH: GS Acquisition Holdings Corp.
GS Acquisition Holdings filed an amended S-1 yesterday, adding three new Directors to the Board. They are James Albaugh, former President and CEO of Boeing, Roger Fradin, former president and chief executive officer of Honeywell’s Automation and Control Solutions business, and Steven Reinemund, former Chairman, Executive Chairman and CEO of PepsiCo. Impressive board additions as expected from a high-profile SPAC. You can read their full bios on the GS Acquisition Holdings profile page.
LCA: Landcadia Holdings, Inc.
Yesterday, Landcadia held the vote to extend their completion deadline to December 14, 2018 and announced the results.
| FOR | AGAINST | ABSTENTIONS | BROKER NON-VOTES |
| 26,508,297 | 3,900 | 0 | 0 |
JSYN: Jensyn Acquisition Corp.
Jensyn Acquisition Corp. announced they will be contributing $.042 per month for a period of three months for each public share that is not converted into cash at the special meeting June 4th, where shareholders will be voting on extending Jensyn’s completion deadline. This means a total of $0.126 per share will be contributed over the three month period increasing the conversion price to $10.78 per share at September 3rd (the new extended completion deadline). Currently, the conversion of shares is pegged at approximately $10.65 per share for the June 4th vote.
BCAC: Bison Capital Acquisition Corp.
Bison Capital announced today that Mr. Ning Wang resigned from his position as independent director and Chairman of the Audit Committee due to personal reasons. In his place, Bison has appointed Mr. Richard Peidong Wu. Mr. Wu has been the Chief Financial Officer of Airmedia Group Inc, a Nasdaq-listed outdoor media group (symbol: AMCN).
Blue Ocean (NASDAQ:BOCN) provided significantly more texture today in the presentation for its $275 million combination with Asian digital media group TNL Mediagene, which it expects to hit profitability in the second half of the year despite a slight shakeup in financing for the transaction. The first big update in the first investor deck is...
At the SPAC of Dawn A brand new market may have just opened up for space de-SPACs as NASA administrator Bill Nelson announced a shift in the agency’s $11 billion program for a mission to return samples from Mars. Rather than rely on the agency’s internal technologies that would be predicted to get a sample...
Overall deal flow between SPACs and biotech firms has slowed over the last year, but some pending FDA changes could breathe new life into particular business models within the space. In particular, the FDA has asked Congress as part of its 2025 Legislative Proposals to eliminate the interchangeability designation for biosimilar medications, claiming the existing...
At the SPAC of Dawn Ever since Digital World announced its combination with Trump Media (NASDAQ:DJT) back in October 2021, it was clear that SPACworld and the Trump show were set to be intertwined for quite some time. And, although not every headline has a bearing on the wider SPAC world, Trump Media’s post-close rise...
AltC (NYSE:ALCC) has reportedly been taking the pitch deck for its combination with nuclear fission firm Oklo on the road in recent weeks, which has generated the rare result of a SPAC trading significantly above its trust value still well before completing its deal. The SPAC has an estimated $10.59 per share in its trust...