We currently have no less than three matches that are evenly tied! As expected, the match up between BofA and Jefferies has been back and forth all morning and is now back at dead even. ...READ MORE
NRC Group (NRCG), formerly Hennessy Capital Acquisition Corp. III, which was Daniel Hennessy’s third SPAC, announced this morning that it has entered into a definitive merger agreement with US Ecology, Inc. ...READ MORE
In light of the forthcoming second quarter and first half of 2019 league tables being published next week, SPACInsider is once again holding the Underwriter’s League Tournament! ...READ MORE
This afternoon, we had another new SPAC filing. This latest one is the $150 million SC Health Corporation (SCH.U), and will be led by David Sin, as Chairman, and AJ Coloma, as CEO and Director nominee. ...READ MORE
Given just how many SPACs we have in the market right now (and with a few trading pretty strangely), we spoke with Andrew Pendergast, at Marsh, a provider of D&O insurance, to help get a better sense of the risks associated with being part of a SPAC team. ...READ MORE
This afternoon, Modern Media Acquisition Corp. (MMDM), released the details of their shareholder vote to approve their extension deadline to September 17, 2019, from June 17, 2019.
Per the 8-K, 13,350,654 shares of the Company’s common stock elected to redeem, however, a redemption price was not provided. ...READ MORE
Last night, the Tuscan team filed for their second cannabis-focused SPAC with the $125 million Tuscan Holdings Corp II. (THACU). Except, It’s not their second SPAC. It’s actually their third. ...READ MORE
Akerna Corp., released additional details this morning regarding their shareholder vote to combine with MTech Acquisition Corp., and surprisingly, there weren’t as many redemptions as anticipated.
Per the press release, 4,452,042 shares of MTech exercised their right to redeem for cash at a price of $10.23841733 per share. ...READ MORE
South Mountain Merger Corp. (SMMCU), announced the pricing of their surprise upsized $225 million SPAC IPO this evening. South Mountain’s units are expected to begin trading tomorrow, June 20th, under the symbol Nasdaq: SMMCU. ...READ MORE
This afternoon, Jensyn Acquisition Corp. (JSYN), announced that they have closed their business combination with Peck Electric Co., a leading commercial solar engineering, procurement and construction (EPC) company. The combined company will be renamed named “The Peck Company Holdings, Inc.” ...READ MORE
This morning, Black Ridge Acquisition Corp. (BRAC), announced (just like we had surmised) that they have rounded up a $5 million backstop from TV Azteca, a Grupo Salinas company and sports television network in Mexico. ...READ MORE
This morning, Pensare Acquisition Corp. (WRLS), released the results of their recent offer to let shareholders redeem in light of the changes to their trust contribution schedule. According to their 8-K, a total of 18,361,687 shares opted to redeem at a per share price of $10.39. ...READ MORE
Carol Anne Huff, from Kirkland & Ellis LLP, is back to give everyone a SPAC update on the latest news coming from the SEC on their ruling regarding NYSE and Nasdaq listing standards. ...READ MORE
South Mountain Merger Corp. (SMMCU), filed their 8-a12b and their CERT today, indicating they are getting ready to price their $200 million fintech-focused SPAC, or more specifically, “…on businesses that will benefit from the rapidly evolving payment ecosystem…”. ...READ MORE
Akerna Corp., née MJ Freeway, née MTech Acquisition Corp., still hasn’t disclosed the number of shares redeemed in their recent combination vote, although we have already inferred that there were probably a significant amount of shares redeemed. ...READ MORE
Black Ridge Acquisition Corp. (BRAC) filed a new preliminary proxy this morning, switching their previously scheduled shareholder vote to complete their combination with Allied Esports, to an extension vote. In fact, BRAC had filed a definitive proxy for their combination vote as recently as last Wednesday, June 12th, with a vote date of June 28th. ...READ MORE
This afternoon, MTech Acquisition Corp. (MTEC), announced that they have closed their business combination with MJ Freeway, LLC, a leading seed-to-sale regulatory compliance technology provider and developer of the cannabis industry’s first enterprise resource planning (ERP) platform. ...READ MORE
We only have two full weeks left in the second quarter and you know what that means….Not only do we have second quarter and first half of 2019 league tables to look forward to, but next week begins the Second Annual SPACInsider Underwriter’s League Tournament! ...READ MORE
Well, this is strange. Right on the heels of what appeared to be a successful SPAC combination announcement for TPG Pace Holdings, Clairvest Equity Partners V (“Clairvest”), a large minority shareholder of Accel Entertainment, announced tonight via press release that they DO NOT consent to the business combination between TPG Pace Holdings and Accel. ...READ MORE
TPG Pace Holdings Corp. (TPGH), announced Thursday morning that they have entered into a definitive business combination agreement with Accel Enterntainment, Inc., a gaming-as-a-service provider. The combined company will retain the Accel Entertainment name and will be a publicly listed company with an anticipated initial enterprise value of approximately $884 million. ...READ MORE