Chardan Healthcare Acquisition Corp. (CHAC), recently announced that its shareholders have approved their business combination with BiomX Ltd. (“BiomX”), a microbiome company developing both natural and engineered phage therapies. More than 97% of the shares voted today were voted in favor of the proposed transaction with BiomX. ...READ MORE
Early this morning, Legacy Acquisition Corp. (LGC), released the details of their shareholder vote to approve their new extension deadline and 100% of the shares that voted, voted “Yes”. Additionally, only 694,820 shares elected to redeem. ...READ MORE
Last night, we had another new IPO filing with GreenVision Acquisition Corp., a $50 million life sciences/healthcare focused SPAC that will be looking for companies primarily in China, but in Asia and North America as well. ...READ MORE
It’s Monday madness…In no particular order, the below is a summary of this afternoon’s SPAC news.
GREENLAND ACQUISITION CORP. (GLAC)
Trident Acquisitions Corp. (TDAC), filed a preliminary proxy this morning to extend their completion deadline a full six months from December 1, 2019, to May 29, 2020. The vote will be held on November 26th, with a Record Date of October 31st, but there’s a big asterisk here…
First up, Trident will not be contributing any additional funds to trust to extend. ...READ MORE
Friday evening, we had SPAC #51 for the year file for IPO with Juniper Industrial Holdings, Inc. (JIH.U), a $300 million SPAC focused on the industrial sector. Juniper will be led by by Roger Fradin, as Chairman and CEO, and Brian Cook, as CFO and Director. ...READ MORE
Greenland Acquisition Corp. (GLAC), announced today that they had adjourned their shareholder vote to complete their combination with Zongchai Holdings. The new shareholder vote date will be on Thursday, October 24th. ...READ MORE
Union Acquisition Corp. II (LATNU), announced the pricing of their $175 million SPAC IPO this evening. Union II’s units are expected to begin trading tomorrow, Friday, October 18th, under the symbol NASDAQ: LATNU. ...READ MORE
Galileo Acquisition Corp. (GLEO.U), announced the pricing of their upsized $120 million SPAC IPO this evening. Galileo’s units are expected to begin trading tomorrow, Friday, October 18th, under the symbol NYSE: GLEO.U. ...READ MORE
A quick note on TKK Symphony (TKKS) and this morning’s announcement of their Tender Offer since there seems to be some confusion out there around why TKKS is not doing a standard shareholder vote and redemption. ...READ MORE
Of Pure’s 20,700,000 outstanding Public Warrants, only 248,000 opted to Tender for $1.00 per Warrant, or just 1.2%. ...READ MORE
This afternoon, Pure Acquisition Corp. (PACQ), released the results of their shareholder vote to approve their new extension deadline from October 17th, 2019 to February 17, 2020, however there wasn’t a lot of detail included in the 8-K. ...READ MORE
But there’s a larger trend happening….
- Investors have committed or are expected to commit to an additional purchase of $5.0 million of CHAC shares.
Late Friday evening, we had a second SPAC file for IPO with FinServ Acquisition Corp. (FSRVU). FinServ is a $200 million financial services and fintech-focused SPAC being led by Lee Einbinder, who is the former Vice Chairman of Barclays. ...READ MORE