Tortoise Acquisition Corp. Files for $225M SPAC IPO

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Pensare (WRLS) Announces Business Combination with TPx Communications

Pensare Acquisition Corp. (WRLS), announced this morning that they have entered into a definitive agreement to combine with TPx Communications, a provider of Unified Communications and cloud-focused Managed IT Services.

The transaction implies a combined company enterprise value of approximately $1.1 billion and a multiple of approximately 8.0x expected 2019 adjusted EBITDA.  ...READ MORE

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IPO Ahead

Pivotal Acquisition Corp. Pricing Their $200 Million SPAC Tonight

Jan 30, 2019 INTEL by Kristi Marvin

Pivotal Acquisition Corp. (PVT.U), is now expected to price their $200 million SPAC tonight, rather than tomorrow, January 31st.  The delaying amendments have created all sorts of confusion regarding getting effective in 20 days, but it turns out that it’s NOT 20 days starting the day after you file, but rather, you need to include the actual day you file without the delaying amendment.  ...READ MORE

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“Gov’t Shutdown” SPACs: A Comparison of Terms

Jan 18, 2019 INTEL by Kristi Marvin

For lack of a better way to describe the SPACs we currently have on file to IPO, we’re going to call this group the “Government Shutdown SPACs.” This is due to the fact that six of the seven have had to remove their delaying amendments just so they can price in this crazy situation where the SEC has been furloughed indefinitely.  ...READ MORE

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