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.
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...
At the SPAC of Dawn Ever since Digital World announced its combination with Trump Media (NASDAQ:DJT) back in October 2021, it was clear that SPACworld and the Trump show were set to be intertwined for quite some time. And, although not every headline has a bearing on the wider SPAC world, Trump Media’s post-close rise...
AltC (NYSE:ALCC) has reportedly been taking the pitch deck for its combination with nuclear fission firm Oklo on the road in recent weeks, which has generated the rare result of a SPAC trading significantly above its trust value still well before completing its deal. The SPAC has an estimated $10.59 per share in its trust...
Trump Media (NASDAQ:DJT) is down about -15% in the pre-market following the filing of its first S-1 since closing its combination with Digital World, and this includes the issuance of the 21,491,251 shares. Of these, 14,375,000 are to be made available for those exercising warrants while the rest would go out to note holders from...
At the SPAC of Dawn This week, bookended by the end of Ramadan and the beginning of Passover, could wind up stacked with events to avoid those holiday times, but for now SPACs have scheduled just six extension votes for this stretch. Redwood (NASDAQ:RWOD) and Genesis Growth Tech (OTC:GGAAF) have yet to release results from...