Roth CH Acquisition I Co. (ROCHU), filed for a $75 SPAC IPO this morning, marking the fifth SPAC to file within the past three days proving that the SPAC pipeline is still healthy, even if everything else is catching Corona fever. ...READ MORE
Elon Musk….take a seat.
VectoIQ Acquisition Corp. (VTIQ), announced this morning that they have entered into a definitive agreement to create a company focused on the development of next generation smart transportation. ...READ MORE
Monday morning, we had yet another new IPO filing with Live Oak Acquisition Corp. (LOAK.U), a $200 million SPAC focused on companies in the financial services, industrial, business services, and real estate sectors. ...READ MORE
HL Acquisitions Corp. (HCCH), which is currently working towards closing their combination with Chi Energie (Singapore) PTE Ltd., held their shareholder vote today to extend their completion deadline four months from March 2, 2020 to July 2, 2020. ...READ MORE
This morning, Collective Growth Corp. (CGROU), filed for a new $150 million SPAC focused on the Cannabinoid sector. This team will be led by Bruce Linton, as Chairman and CEO, having previously founded and served as Chairman and CEO of Canopy Growth (NYSE: CGC), a diversified cannabis, hemp and cannabis device company. ...READ MORE
On Friday evening, we got the equivalent of a Double Double burger, from the Social Capital Hedosophia team with not one, but two new IPOs. Those filings are the aptly named Social Capital Hedosopia II (“SCH2”), which is a $300 million SPAC focused on technology companies IN the U.S., ...READ MORE
Chamath Palihapitiya says, ‘Rona what?
In an otherwise gloomy day of non-stop Coronavirus news and market oscillation, we did have the Friday gift of not one, but TWO new IPO filings from Social Capital Hedosophia. ...READ MORE
Pensare’s combination with Computex is approved.
This morning, Pensare Aquisition Corp. (WRLS), released the results of their shareholder vote held yesterday to complete their transaction with Computex. As expected, we did not get any redemption information in this filing, but the vote does show that shareholders approved the combination. ...READ MORE
(And it’s their Previous Auditor)
Fellazo, Inc. (FLLC), which has been working through a number of issues with the Nasdaq regarding their listing requirements, as well as putting in place a new “Sponsor Transfer Agreement” with TKK Capital Holdings, announced tonight that they have appointed Marcum LLP, as their new independent registered public accounting firm, effective February 21, 2020. ...READ MORE
This is turning into “Extension Wednesday”. In addition to Tiberius and Big Rock Partners filing for extensions tonight, Gordon Pointe Acquisition Corp. (GPAQ), also filed a preliminary proxy to extend their deadline 45 more days. ...READ MORE
Big Rock Partners Acquisition Corp. (BRPA), filed a preliminary proxy statement this evening to extend their current deadline from March 23, 2020 to an as-yet-to-be-determined date. However, this will be BRPA’s fourth extension vote since their IPO on November of 2017. ...READ MORE
Tiberius Acquisition Corp. (TIBR), announced today that in addition to their shareholder vote to complete their business combination with International General Insurance Holdings Limited (“IGI”), on March 13th, 2020, they will also be holding an extension vote on March 19th. ...READ MORE
Last night, the GigCapital team filed for their third SPAC with the $200 million GigCapital3, Inc. (GIK.U). Gig3 will be focusing on the technology, media and telecom sectors and will once again be led by Avi S. ...READ MORE
How should SPACs prepare for the Coronavirus?
About three weeks ago, when it looked like we might be able to get away with the Coronavirus being contained to just China, it was theorized here that the effect would primarily only be felt by the announced SPAC deals. ...READ MORE
Carol Anne Huff, is back again with a timely look at registration statements. Specifically, the registration statements that are used by de-SPAC’d companies to register shares post-combination close, including the shares underlying the public warrants. ...READ MORE
Tonight’s notable news below.
NEW 1/4 WARRANT SPAC: DFP HEALTHCARE ACQUISITIONS CORP. (DFPHU)
dMY Technology Group, Inc. (DMYT.U), announced the pricing of their $200 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Friday, February 21st, under the symbol NYSE: DMYT.U. ...READ MORE
This afternoon, Pure Acquisition Corp. (PACQ), released the results of today’s shareholder vote to approve their new extension deadline from February 21st, 2020 to May 21, 2020, and as expected, the extension was approved. ...READ MORE
Tiberius Acquisition Corp. (TIBR), recently announced that it had made a few changes surrounding it’s business combination agreement with International General Insurance Holdings Limited (“IGI”). In particular, TIBR announced that it had entered into another warrant purchase agreement with a holder of Tiberius’ outstanding public warrants. ...READ MORE
East Stone Acquisition Corp. (ESSCU), announced the pricing of their upsized $120 million SPAC IPO this evening and the units are expected to begin trading, tomorrow, Thursday, February 20th, under the symbol Nasdaq: ESSCU. ...READ MORE