It’s not Christmas yet…read below for this afternoon’s notable SPAC filings news.
ALLEGRO MERGER CORP. (ALGR)
Allegro Merger Corp. (ALGR), adjourned their shareholder vote (scheduled for today) to January 3, 2020, and made a few important changes to their proxy. Notably, the sponsors will now be contributing funds to the trust to the tune of $0.02 for January (pro-rated) and $0.025 per share for shareholders who do not redeem for the months of February and March. Allegro will be asking for a three month extension to March 31, 2020, for additional time to complete their proposed combination with TGIFridays. As is usually the case with an additional contribution of funds to trust, it minimizes the number of redemptions and protects the cash in trust. However, if a significant number of shareholders redeem even WITH a contribution, we can generally get a sense of how the combination vote will go. Extension votes are sometimes tea leaves….let’s see what happens.
The record date remains the same, December 5, 2019, but the new redemption deadline is now December 31, 2019.
OPES ACQUISITION CORP. (OPES)
Opes Acquisition Corp. (OPES), filed a preliminary proxy this afternoon to further extend their deadline from January 15th to a date yet-to-be-determined. However, while there are still many blanks in the preliminary proxy, there are spaces for a contribution to trust for non-redeeming shareholders. These blanks will be updated in either an amended preliminary proxy or a definitive proxy, but most likely within the next week or so in order to make it to the January 15th vote date. However, we do know the record date has been set for tomorrow, December 24, 2019, and the redemption deadline will be January 13th, 2020. Once additional information becomes available, an additional update will be provided.


Terms Tracker for the Week Ending June 27, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. June continued its late-month rally with another five SPAC IPOs pricing this week, bringing the monthly total to 10 and the 2025 year-to-date count to...
Blueport (NASDAQ:BPACU) has filed for a $69 million SPAC that would bring another first-time sponsor team to market. The new SPAC is offering investors a right to a 1/6 share in each unit and it will have 15 months to complete a business combination. It is underwritten by Alliance Global Partners and will not be...
At the SPAC of Dawn The markets appear to poised to continue a rosy week with futures in the green in anticipation of PCE inflation readings. Space is one of the sectors feeling the most love recently and launch services firm Rocket Lab (NASDAQ:RKLB) is keeping up the momentum, scheduling two launches within 48 hours...
FIGX Acquisition Corp. (NASDAQ:FIGXU) announced the pricing of its $131 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FIGXU”, Friday, June 27, 2025. The new SPAC aims to seek out a financial services target with a particular focus on wealth and asset managers with the potential to...
Yorkville Acquisition Corp. (NASDAQ:YORKU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “YORKU”, Friday, June 27, 2025. The new SPAC plans to combine with a target company in the telecom, media or technology sectors. Yorkville Acquisition Corp.’s management team is led...