LF Capital Acquisition Corp., a SPAC focused on the Fintech sector, filed another amended S-1 this morning. Of note, the pro rata percentage held in trust jumped a percentage point from 101% to 102%. ...READ MORE
Late this afternoon, Twelve Seas Investment Company filed an amended S-1 that included an upsized offering for a $150 million IPO, previously $100 million. As we’ve mentioned before, this team is stacked with a lot of SPAC experience and that is a very big plus, so we can only surmise that initial feedback must have been so positive as to warrant an upsize of 50%. ...READ MORE
LF Capital Acquisition Corp., a SPAC focused on the Fintech sector, filed an amended S-1 yesterday with a few important changes. ...READ MORE
Apollo Global management is rumored to have a SPAC management team already in place and has confidentially filed with the SEC. ...READ MORE
This evening, Far Point announced the pricing of their $550 million, Third Point sponsored SPAC. The unit will begin trading Tuesday morning under the symbol FPAC.U. ...READ MORE
After a banner year in 2017 for SPACs with 34 total deals raising a little over $10 billion, everyone is naturally curious to see if we’ll have a repeat in 2018. ...READ MORE
HL Acquisitions Corp., a SPAC focused on the “hydrocarbon logistics and processing sector” filed for a $42.5 million IPO today. HL Acquisitions is headed by CEO, Jeffrey Schwarz, the co-founder of Metropolitan Capital Advisors, Inc., ...READ MORE
This morning, GS Acquisitions Holdings announced the pricing of their $600 million Goldman Sachs sponsored SPAC. The unit will begin trading this morning under the symbol GSAH.U. ...READ MORE
GS Acquisition Holdings filed their NYSE Certification this morning further indicating it is pricing its SPAC IPO tonight for trading tomorrow – Friday, June 8th. ...READ MORE
Far Point Acquisition Corp, the Third Point LLC sponsored Fintech SPAC, filed an amended S-1 today, upsizing the deal to $500 million. ...READ MORE
Late today, New Frontier Corp. filed for a $200 million IPO focused on healthcare, technology or education sectors in China, which they refer to as the “Chinese new economy sectors”. ...READ MORE
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., 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
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
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