Brooge Holdings (Twelve Seas) Waives Closing Net Cash Condition

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Brooge Holdings (Twelve Seas) Waives Closing Net Cash Condition

Dec 10, 2019 INTEL by SPACInsider

Twelve Seas Investment Company (“Twelve Seas”) (NASDAQ: BROG), announced this evening that ahead of their shareholder vote to complete their combination with Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), they have agreed to irrevocably waive the condition to closing contained in the Business Combination Agreement dated April 15, 2019 which requires the Closing Net Cash to be at least $125,000,000. ...READ MORE

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AerSale

Monocle to Combine with AerSale Corporation

Dec 9, 2019 INTEL by SPACInsider

Monocle Acquisition Corp. (MNCL), announced this morning that they have signed a definitive agreement to combine with AerSale, a global provider of aviation aftermarket products and services.

Upon completion of the combination, AerSale Corporation will become a Nasdaq-listed public company, with an implied enterprise value of approximately $430 million, equating to approximately 6.3x AerSale’s forecasted 2020 Adjusted EBITDA. ...READ MORE

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