ALLEGRO MERGER CORP. (ALGR)
This morning, Allegro Merger Corp., released the details of their shareholder vote to approve moving their previously extended deadline one month, from March 31 to April 30, 2020.
Per the 8-K, the extension was approved, but none of the redemption details were provided, i.e., how many shares were redeemed and at what price. However, at the bottom of the results was this:
“On or before March 31, 2020, the Company will determine whether to effectuate the Extension.”
In essence, it sounds like Allegro is weighing whether it’s worth it to continue in the current “coronavirus climate” and terminating the transaction is now a real possibility. Keep in mind that Allegro is trying to combine with TGI Fridays, which is a restaurant chain focused on casual dining. Not a whole lot of people going out to restaurants these days….
We should know by next Tuesday, March 31st, if Allegro continues. If so, they’ll have only one month to try and close their combination with TGI Fridays. If they decide to “not effectuate the extension”, Allegro will run out their clock and be forced to liquidate. Alternatively, they can also opt to have another extension vote in April.
We’ll have to wait and see. Stay tuned…
FOR | AGAINST | ABSTENTIONS | BROKER NON-VOTE |
10,673,149 | 1,799,074 | 0 | 0 |


Silver Pegasus Acquisition Corp. (NASDAQ:SPEGU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SPEGU”, Tuesday, July 15, 2025. The new SPAC plans to search within the technology sector, with a focus on semiconductors and systems solutions. Silver Pegasus Acquisition Corp.’s management...
Cayson Acquisition Corp. (NASDAQ:CAPN) has entered into a definitive agreement to combine with boutique investment firm Mango Financial for $300 million in equity consideration. Hong Kong-based Mango provides a range of M&A and equity capital markets advisory services to clients considering listings in China and the US. The combined company is expected to trade on...
Trailblazer (NASDAQ:BLZRU) has filed for a $200 million SPAC to bring a first-time team to market with serial sponsor terms. The new SPAC is offering investors a 1/3 warrant in each unit and it is the first SPAC filed so far this month with 24 months on its initial transaction clock. All other July SPACs...
This week, we speak with Kyivstar CEO Oleksandr Komarov about the company’s $2.2 billion dollar combination with Cohen Circle Acquisition Corp. I (NASDAQ:CCIR). Few companies have been had to forge themselves in the flames recently quite like Ukraine’s leading telecom and digital services provider Kyivstar. Now, Kyivstar is not only telling that story but pitching it to...
At the SPAC of Dawn The market still has one full trading session before it adds Tuesday’s Core CPI reading and a variety of Fed comments to messaging it is already ingesting on US President Donald Trump’s ever-shifting tariff policy. SPACs are meanwhile continuing on with business as usual, with Cayson (NASDAQ:CAPN) announcing the third...