This afternoon, TPG Pace Holdings Corp. (TPGH), filed an 8-K detailing the results of their shareholder vote, which was held earlier today, and shareholders overwhelmingly voted “yes’ to approve TPGH’s business combination with Accel Entertainment.
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES |
| 44,515,676 | 857,081 | 0 | 0 |
As you can see in the table above, only 857,081 shares voted “No”, which is just 1.9% of the shares that voted. The Company also announced today that it anticipates closing the transaction on Wednesday, November 20, 2019. We don’t have a formal press release as of yet, but we should get one shortly with anticipated new symbols. Furthermore, we’ll also most likely have to wait for additional information on number of redemptions and at what price, but for now, this is a nice result.
An update will be provided with additional details as they are released.
At the SPAC of Dawn There are signs that the macro environment for SPACs is gradually improving, but the Screaming Eagle team yesterday announced a non-redemption agreement for its combination with Lionsgate Studios. Such agreements are generally a lever one pulls when a SPAC expects a potentially turbulent closing. All in all, the terms for...
Israeli tech firms have made up an outsized proportion of SPAC activity and despite the ongoing tensions in its region, that dealmaking is continuing unabated. In fact, the SPAC named for the particular mission of taking Israeli firms public through SPACs, Israel Acquisition Corp. (NASDAQ:ISRL) in fact just took one step closer in completing that...
At the SPAC of Dawn Although the market has largely recovered from a negative stretch last week, the roller coaster is tilted back downward for Trump Media (NASDAQ:DJT), which slid -8% yesterday to $32.57 – one of its lowest points since closing with Digital World last month. Other SPACs and de-SPACs are having a more...
Remember the metaverse? Many do not. Meta’s (NASDAQ:META) attempted transition to virtually living and working seemed to mark a trend that went up and down quickly, but one SPAC deal has both survived that roller coaster and may rise with a second. Back in December 2022, Newbury Street (NASDAQ:NBST) announced a $1.85 billion combination with...
At the SPAC of Dawn Tucked into the bill that provides $95 billion in funding to American allies passed by the House this weekend is another measure that is likely to have far more impact on at least one pending deal in SPAC world. It would appear that the timing was fortuitous for TikTok rival...