Industrials-Focused GS Acquisition Holdings Corp. Commences IPO
Well that was fast. From initial S-1 filing to marketing took all of 17 days for the $600 million GS Acquisition Holdings Corp. Phenomenal work by the lawyers getting through the SEC comment period faster than you can say, “warrant redemption for shares”. ...READ MORE
Osprey Energy Acquisition Corp. and Blackstone’s Royal Resources to Form Falcon Minerals Corporation, an Oil-Weighted Minerals Company
Osprey Energy Acquisition Corp., an energy-focused SPAC, announced this morning it has entered into a definitive agreement to acquire the assets of Royal Resources, an entity owned by funds managed by Blackstone Energy Partners and Blackstone Capital Partners. ...READ MORE
Twelve Seas Investment Company: Focused on the Pan-Eurasian Region
Late this afternoon, Twelve Seas Investment Company filed for a $100 million IPO. Twelve Seas is headed by former KKR General Partner, Neil Richardson, and Dmitri Elkin, former General Partner of UFG Private Equity. ...READ MORE
The Latest News in SPACs
GSAH: GS Acquisition Holdings Corp.
GS Acquisition Holdings filed an amended S-1 yesterday, adding three new Directors to the Board. They are James Albaugh, former President and CEO of Boeing, Roger Fradin, former president and chief executive officer of Honeywell’s Automation and Control Solutions business, and Steven Reinemund, former Chairman, Executive Chairman and CEO of PepsiCo. ...READ MORE
Eastern European Energy Focused SPAC Trident Acquisitions Corp. Prices $175 Million IPO
This morning, Trident Acquisitions Corp. announced the pricing of their $175 million Eastern European energy-focused SPAC and the unit began trading late this morning under the symbol TDACU. ...READ MORE
Gil Ottensoser to Join BTIG as Head of SPAC Program
A press release today announced that BTIG has hired Gil Ottensoser, to lead their SPAC Banking and Capital Markets effort, signaling a major push into the Special Purpose Acquisition Company field by BTIG. ...READ MORE
Crescendo is Putting the Band Back Together. Again!
Crescendo Partners’ Eric Rosenfeld, filed for a $130 million IPO late Tuesday, making Allegro Merger Corp., Rosenfeld’s sixth consecutive SPAC. In addition to an obsessive penchant for musical-term branding, the Allegro team and board seem to have a penchant for each other as well, since all have worked together (with the exception of board member Robert Deluce) on one or more of Rosenfeld’s five prior SPACs. ...READ MORE
Let’s Talk about the GS Acquisition Holdings Warrant Redemption Feature..
Dan Loeb’s Third Point LLC Debuts New SPAC: Far Point Acquisition Corporation
SPACS….So Hot Right Now…
Late Friday afternoon, GS Acquisition Holdings Corp. filed for a $600 million NYSE SPAC IPO, capping off a busy week that included one SPAC rumor, two IPOs, an acquisition announcement and a liquidation. ...READ MORE
Landcadia Holdings, Inc. and Waitr Announce Merger Agreement
Joint Investor Conference Call Scheduled for Tomorrow, Thursday, at 9:00 am ET
VectoIQ Acquisition Corp. Prices Their $200 Million IPO…With a Few Tweaks to the Terms
Trinity Merger Corp. Priced Their $300 Million IPO, But Did You Catch the Change to the Terms?
Stellar Acquisition III Inc. Announces Shortening of Extension Date and an Increase in the Pro Rata portion of the Funds in Trust
Liquidation Alert: Electrum Special Acquisition Corporation
Definitive Agreement with SMAAASH Entertainment
I-AM Capital announced their business combination today with SMAAASH Entertainment Private Limited (“SMAAASH”), a global virtual reality gaming and sports entertainment company, headquartered in Mumbai, India. ...READ MORE
May is turning into SPAC season for reasons both good and bad
Let’s get the bad news out of the way first
There are currently five SPACs that have set dates for “special meetings” to vote on extending their completion deadlines, with two more due at the end of June that are sure to do the same. ...READ MORE