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.
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...