GigCapital (GIG) Announces De-SPACing Process

And a possible clean-up of the Rights.

GigCapital, Inc. (GIG) announced earlier this afternoon that it had begun its “de-SPACing” process via a press release and then later, an 8-K filing.  ...READ MORE

Apex Technology Acquisition Corp. Files $275 Million Software/Tech SPAC

Early this afternoon, Apex Technology Acquisition Corp. filed for a $275 million software/technology focused SPAC, ending the late-summer IPO drought.  If you recall, the last SPAC to file for IPO was Silver Spike, which debuted more than three weeks ago on July 22nd.  ...READ MORE

Trinity Merger Corp.’s Warrant Amendment Proposal

Trinity Merger Corp. (TMCX), announced their combination with Broadmark on Monday, and also included in the filed documents was a proposed amendment to the warrant agreement.  However, how the way the language was worded was very confusing. ...READ MORE

Legacy Acquisition Corp. (LGC) Files for an Extension

Legacy Acquisition Corp. (LGC), the $300 million consumer-focused SPAC led by Edwin Rigaud, filed a preliminary proxy this morning with a proposal to extend their deadline from November 21, 2019 to January 21, 2020. ...READ MORE

Boxwood Merger Corp. (BWMC) to Combine with Atlas Intermediate

Boxwood Merger Corp. (BWMC), announced this morning that they have entered into a definitive agreement with Atlas Intermediate Holdings LLC (“Atlas”), a provider of professional testing, inspection, engineering and consulting services. ...READ MORE

UPDATED: Trinity Merger Corp. (TMCX) Announces Merger with Broadmark

UPDATED: ALL UPDATES BELOW ARE NOTED IN BLUE FONT

Trinity Merger Corp. (TMCX), announced this morning that they have entered into a definitive merger agreement with the Broadmark real estate lending companies and management companies (“Broadmark”),  to create an internally-managed, mortgage real estate investment trust (“REIT”) with an expected equity value of $1.5 billion. ...READ MORE

Trinity Merger Corp. (TMCX) Announces Merger with Broadmark

Trinity Merger Corp. (TMCX), announced this morning that they have entered into a definitive merger agreement with the Broadmark real estate lending companies and management companies (“Broadmark”),  to create an internally-managed, mortgage real estate investment trust (“REIT”) with an expected equity value of $1.5 billion. ...READ MORE

Evercore Gets in the SPAC Game: Hires Neil Shah

Neil Shah says, “miss me”?  Because, Terminator-style, he’s back.

Just when you think things might be starting to quiet down, we get a news release announcing another shakeup in the SPAC landscape.  ...READ MORE

Friday Happy Hour Update: CCC, CNAC, BRPA and GIX

It’s a Summer Friday, so we’re starting the Happiest of Hours a little early.

It’s Happy Hour somewhere, but for New York, it’s still a little on the early side, so maybe let’s go with a boozy Friday lunch and see what it turns into to.  ...READ MORE

Thunder Bridge Acquisition II (THBRU) Prices $300M SPAC IPO

Thunder Bridge Acquisition II, Ltd. (THBRU), announced the pricing of their $300 million SPAC IPO this evening. Thunder Bridge II’s units are expected to begin trading Friday, August 9th, under the symbol NASDAQ: THBRU. ...READ MORE

Silver Spike Acquisition Corp. Prices $250M IPO

Silver Spike Acquisition Corp. (SSPKU), announced the pricing of their $250 million SPAC IPO this evening. Silver Spike’s units are expected to begin trading Thursday, August 8th, under the symbol NASDAQ: SSPKU. ...READ MORE

Silver Spike Acquisition Corp. Goes to 18-Months

This morning, Silver Spike Acquisition Corp. (SSPKU), the $250 million cannabis-focused SPAC, filed a new amended S-1.  The only material change noted is the duration was adjusted down from 24 months to 18 months.  ...READ MORE

Pensare (WRLS) Releases Extension Vote Info

This afternoon, Pensare Aquisition Corp. (WRLS), finally released the details of their shareholder vote to approve extending their deadline from August 1, 2019 to December 1, 2019.  As expected, it was a nearly complete redemption of the trust account. ...READ MORE

Black Ridge (BRAC) Makes Additional Changes Ahead of its Vote

Black Ridge Acquisition Corp. (BRAC), issued a proxy supplement this morning, ahead of its shareholder vote this coming Friday, August 9th.  Contained within that supplement were some additional changes to the merger agreement, but the good news is, Black Ridge also announced that “…it may explore effectuating amendments to its outstanding warrants following the closing of the business combination to make them more attractive to holders“.  ...READ MORE