NEBULA ACQUISITION CORP. (NEBU)
Earlier today, Nebula Acquisition Corp., held their shareholder vote to extend their completion deadline five months from January 12, 2020 to June 12, 2020, and the results were overwhelmingly positive. In fact, there were zero shares redeemed at this vote and all of the shares that voted, were voted “Yes”. There were zero “No” votes and zero “Abstentions”.
Nebula, which recently announced their transaction with Open Lending LLC, had stated in their proxy that it was not contributing any additional funds to trust for those additional five months and those preliminary proxies were filed BEFORE announcing their transaction with Open Lending. So basically, they knew they had a good deal and wouldn’t need to. Consequently, the share price is trading significantly above trust, so shareholders were more than willing to hold through the extension vote (or sell into the market).
This is the best situation to be in at an extension vote and as a result, Nebula now has until June 12th to close its deal at no additional cost to the sponsors.
Terms Tracker for the Week Ending April 19, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Passover and school spring break starts next week, which most likely means a slowdown in SPAC filing activity. Although Churchill IX is now rumored to...
Despite a week of general pull-backs in the market, fintech firm Ibotta (NYSE:IBTA) nonetheless took the dive and had a good week debuting via a traditional IPO in the choppy waters. The company, which provides app-based consumer cashback discounts on purchases, priced its IPO at $88, above its proposed range of $76 to $84, and...
At the SPAC of Dawn Happy Friday! SPACInsider has unveiled new presets on SPAC Performance accessible via the Data drop-down to easily sort for the highest and lowest performing active SPACs and de-SPACs. On the de-SPAC side, Vertiv (NYSE:VRT) continues to be well ahead of the pack, logging a 710% return by share price adjusted...
AGBA (NASDAQ:AGBA) stock is up over +90% this morning following a +211% premarket spike on news it has signed a definitive agreement to combine with social streaming video platform Triller. AGBA, the company itself, was formed by the $555 million combination between a SPAC of the same name and TAG Companies, a financial services firm...
At the SPAC of Dawn Since closing its combination with DHC last month, AI customer engagement firm BEN (NASDAQ:BNAI) has rolled out new partnerships with call center and healthcare clients. And, while it faces a fair bit of competition in the chatbot realm, several high-profile institutions have demonstrated that creating one that provides useful services...