Opes Acquisition Corp. (NASDAQ:OPS) announced that its shareholders approved its combination with fast-casual chain BurgerFi International at a special meeting December 15.
The press release noted that 99.7% of participating shares voted in favor of the transaction, but did not include redemption figures.
The market has been chowing down on BurgerFi, which has better-for-you and meat-alternative burgers, and Opes opened at $15.66 ahead of the vote. About 62% of Opes’ shares redeemed during earlier extension votes and may now regret not hanging around for the food to arrive.
Opes initially announced its $143 million combination with BurgerFi on June 30. After the transaction’s close, which is expected in the coming days, the combined entity’s shares and warrants will trade on the Nasdaq under the symbols “BFI” and “BFIIW.”
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...
With the passage this weekend of $95 billion in funding for Ukraine, Israel and Taiwan by the House of Representatives, some focus has gone back towards the defense sector, which has generally had a good year as a whole. But, SPACs have not been as active in defense, despite the fact that companies in the...