Atlantic Acquisition Corp. Shareholders Approve Business Combination
by Kristi Marvin on 2018-08-16 at 6:56pm

Atlantic Acquisition Corp. Releases Results of Shareholder Vote

Atlantic Acquisition Corp. (“ATAQ”), released the results of its shareholder vote to approve ATAQ’s previously announced business combination with HF Group Holding Corporation, a leading food-service distributor operated by Chinese Americans serving Chinese/Asian restaurants that are primarily Chinese takeout restaurants located in the southeastern United States.

FORAGAINSTABSTENTIONS
5,509,0390 146,251

There was no information given in the 8-k as to how many shares redeemed or how much cash was left in trust post vote. The lack of information and a more formal press release is surprising, but not unheard of.  However, it seems like a missed I.R. opportunity.

You can find the 8-k release here.

 

Recent Posts
by Nicholas Alan Clayton on 2024-04-30 at 8:15am

At the SPAC of Dawn Tuesday brings another packed day in a packed week of potentially market-moving events and individual SPAC actions. The market today will take in the update on US consumer confidence readings as well as the employment cost index and Treasury’s decision on its quarterly refunding plans. An unusually large portion of...

by Nicholas Alan Clayton on 2024-04-29 at 4:03pm

Few target companies have gone through a greater amount of change through the course of their de-SPACing process than digital transformation firm Noventiq, which makes its latest update via a new investor presentation a particularly interesting read. When it initially announced its combination with Corner Growth (NASDAQ:COOL) in May 2023, Noventiq was still listed in...

by Nicholas Alan Clayton on 2024-04-29 at 7:50am

At the SPAC of Dawn Several sleepy weeks in SPACland come to an end today with five votes, including BITE‘s (NYSE:BITE) completion vote for its combination with plant-based food producer Above Food. Similarly, CONX (NASDAQ:CONX) is to hold its tender offer to complete its acquisition of the DISH Wireless HQ. Two more SPACs are holding...

by Kristi Marvin on 2024-04-27 at 11:45am

Terms Tracker for the Week Ending April 26, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. As expected, it was a quiet week on the new issuance front thanks to Passover and school spring break. Other than 8-ks and some amendments...

by Nicholas Alan Clayton on 2024-04-26 at 12:15pm

AI has quietly been creeping to the top of the buzziest sectors for SPAC deals, but it’s become host to an even larger arms race in the private funding market. Elon Musk is currently pushing a $6 billion capital raise for his OpenAI competitor xAI at a valuation of $18 billion, according to TechCrunch, while...

logo

Copyright © 2023 SPACInsider, Inc. All Rights Reserved