Industrea Acquisition Corp. just announced that it has entered into a definitive agreement to acquire Concrete Pumping Holdings, Inc. (“CPH”), a leading concrete pumping services and concrete environmental waste management solutions provider in the U.S. ...READ MORE
Churchill Capital is being led by Michael Klein as Chairman and Jerre Stead as CEO and intends to focus on the information services segment of the broader technology services and software industry and, more specifically, the predictive analytics and data market. ...READ MORE
Gores Holdings III, Inc. announced the pricing of their $375 million SPAC tonight, making it a three-peat for the Gores team. The unit will begin trading on the Nasdaq tomorrow morning under the symbol GRSHU. ...READ MORE
Increases Deal Size to $600 Million.
Churchill Capital just filed an amended prospectus around 1:45PM today, increasing their deal size to $600 million. This most likely means pricing is off tonight since the $150 million increase is larger than a 20% upsize and therefore, it does not qualify for rule 462(b). ...READ MORE
$825 Million in SPAC Gross Proceeds to Trade Tomorrow
I-Am Capital’s Scheduled Vote for Friday, September 7th Delayed
I-AM Capital Acquisition Company, which had originally scheduled its shareholder vote to approve its business combination with Smaaash Entertainment for Friday, September 7th is postponing the vote-date due to a delay with finishing up the SEC review of it’s recently filed S-1 registration statement. ...READ MORE
Draper Oakwood Technology Acquisition, Inc. (“DOTA”), announced late last night that they have entered into a definitive business combination agreement with Reebonz Limited (“Reebonz”), a leading online luxury marketplace and platform for buying and selling new and pre-owned products. ...READ MORE
Churchill Launches the Fall Season with an Upsize.
Churchill Capital Corp. filed an amended S-1 this morning, increasing their deal size from $400 million to $450 million. There were no other additions or subtractions to the terms or management team, but it does appear that Mr. ...READ MORE
It’s “Announce Your PIPE Day” Today…
People in finance love to make things super complicated. Throw in some legal language and trying to make sense of the Easterly announcement and subscription agreement will make you feel like you belong in remedial reading. ...READ MORE
Hennessy Capital Acquisition Corp. III, announced this morning that they have secured capital commitments to the tune of $85 million, thereby securing the necessary financing to complete their business combination with NRC Group. ...READ MORE
Longevity is being led by Matthew Chen, as Chairman and CEO and intends to focus on companies in the PRC. ...READ MORE
One Last SPAC to Close Out August and Bring the Month’s Deal Count to Seven.
Megalith, which intends to focus on financial services and fintech companies, is being led by Jay Sidhu, as Executive Chairman, and Samvir Sidhu, as CEO. ...READ MORE
First, Megalith now has 21 months to find an acquisition, down three months from the previous 24 months. ...READ MORE
The Latest News in SPACs
AHPA: Avista Healthcare Public Acquisition Corp.
Tenzing, which intends to focus on companies in India that have an enterprise value between $150 million and $500 million, is being led by Rahul Nayar, as CEO, and Parag Saxena, as Chairman. ...READ MORE
(The post below is an excerpt from the weekly subscriber email sent out every Monday morning before the market open.)
Question: If a SPAC announces their acquisition on a summer Friday, in the back half of August, after 5:00PM and without a follow-up conference call, do you think the SPAC team is eager to talk to investors? ...READ MORE
Churchill Capital Corp. filed for a $400 million IPO very late Friday evening, with a focus on the technology and software sectors. Churchill is being led by Jerre Stead, as CEO and Director, and Michael Klein, as Chairman. ...READ MORE