INTEL

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‘Twas the Night Before Christmas in SPACLand…

Dec 24, 2018 INTEL by Kristi Marvin

‘Twas the night before Christmas, when all through SPACLand
Not a creature was stirring, not even Chardan;
The suit jackets were all hung by the desk chairs with care,
In hopes that a deal soon would be there;

The attorneys were nestled all snug in their chairs;
While visions of bonuses danced in their heads;
And my laptop in its sleeve, and I in my SPACInsider cap,
Had just settled my brain for a long winter’s nap,

When out on sixth avenue, there arose such a clatter,
I sprang from my desk to see what was the matter. ...READ MORE

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Combination

Update: Black Ridge Acquisition Corp. (BRAC) Announces Combination

Dec 20, 2018 INTEL by Kristi Marvin

UPDATE:  Additional information on the Black Ridge transaction with Ourgame International Holdings was released this morning and the following is a summary of selected details found in the filings:

  • The transaction is expected to close in the first quarter of 2019
  • Earn-out:  the former owners of Allied Esports and WPT will be entitled to receive their pro rata portion of an aggregate of an additional 3,846,153 shares of Black Ridge Common Stock if the last sales price of the Black Ridge Common Stock equals or exceeds $13.00 per share for thirty (30) consecutive days at any time during the five (5) year period commencing on the date of the Closing.
...READ MORE
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SPAC pricing

Chardan Healthcare Acquisition Corp. (CHAC.U) Prices $70 Million SPAC

Dec 13, 2018 INTEL by Kristi Marvin

Chardan Healthcare Acquisition Corp. (CHAC.U), the Chardan-backed SPAC focusing on Healthcare companies in North America, priced their $70 million IPO Thursday evening, wrapping up a very active 2018 for SPACs. CHACU, which is being led by senior members of Chardan Capital Markets, should be the final SPAC for the year, bringing 2018’s grand total to 46 SPAC IPOs and $10.72 billion in gross proceeds raised. ...READ MORE

new table

New Addition to the Yield-To-Maturity Tables…

Dec 13, 2018 INTEL by Kristi Marvin

Some of you may have already noticed, but yesterday, we added two new tables to the Yield-To-Maturity page.  However, a bit of background first….

The initial Yield-To-Maturity tables we published used a very conservative method whereby we used either the trust value at IPO (for SPACs still searching for targets) or the “illustrative value” that SPACs use in their proxies or presentations (for announced SPACs) to calculate the YTM.  ...READ MORE

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