Tonight’s notable news below.
NEW 1/4 WARRANT SPAC: DFP HEALTHCARE ACQUISITIONS CORP. (DFPHU)
We had SPAC #14 file to IPO tonight with the $200 million DFP Healthcare Acquisitions Corp., the follow-up effort to DFB Healthcare Acquisition Corp. It’s unclear as to why they decided to name this one DFP Healthcare and not DFB II, or even DFC, More importantly however, DFP is our fifth 1/4 warrant SPAC. Additionally, Deerfield Management will once again be the Sponsor and Deutsche Bank, Jefferies and UBS will be underwriting.
I’ll need to give the prospectus a thorough read-through, so look for a further update next week.
LEISURE ACQUISITION CORP. (LACQ)
Leisure Acquisition Corp. (LACQ), filed a preliminary proxy this evening to extend their completion deadline. However, we still don’t know how much time they will be asking for since that is still currently left blank. However, LACQ did specifically say there will be no contribution to trust for non-redeeming shareholders at this extension vote.
So, some of the possibilities as to why they will not be contributing to trust could include that they will only be asking for a very short amount of time (1-month, maybe 2-months), or….they’re getting a PIPE as a backstop. We should know more as subsequent proxies and/or 8-Ks are filed, but for now….they’re extending.
GORDON POINTE ACQUISITION CORP. (GPAQ)
Gordon Pointe Acquisition Corp. (GPAQ), filed a definitive proxy for their shareholder vote to complete their business combination with HOF Village, for March 25th, 2020. Record date is February 18, 2020 and the redemption deadline is March 23, 2020. GPAQ is coming into the home stretch, so only one more month to go.
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...
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...