I-AM Capital Acquisition Company (IAM), released an 8-K this morning, that contained information within it regarding their shareholder votes results and some very interesting "settlements" with their underwriters. First up, the results of their vote to complete their business combination with Smaaash Entertainment. More
Hell hath no fury like a government-tech company scorned? What a mess... GTY Technology Holdings (GTYH) and OpenGov, a prior target company of GTYH, are suing each other over, among other things, fraud and breach of contract. More
For those keeping score, we now have five SPACs on file to IPO in December, so we thought a comparison of terms would help for those doing a little Holiday SPAC shopping. More
This morning, Chardan Healthcare Acquisition Corp. (CHACU) filed for a $70 million, Chardan-backed SPAC focusing on Healthcare companies in North America. Chardan Healthcare will be led by senior members of Chardan Capital Markets, a veteran SPAC underwriter. More
Friday evening, Andina Acquisition Corp. III, filed for a $100 million SPAC IPO focused on companies in the Americas, which means we now have four SPACs getting ready to IPO in December, bringing our 2018 potential deal count to 47. More
The SPAC decks were recently cleared with three pricings last week and have immediately been replenished with three new filings. The first was CF Finance, then on Monday we had Monocle for $150 million, and now on Tuesday evening, Schultze Special Purpose Acquisiton Corp (SAMAU), also filed for a $150 million SPAC. More
Monday evening, Monocle Acquisition Corporation (MNCL), filed for $150 million SPAC IPO. Monocle is being led by Eric Zahler, as President, CEO and Director, and is a co-founder and Managing Director of Sagamore Capital, a private equity firm pursuing investments in the aerospace and defense, industrial electronics and selected business service markets. More
As expected, Big Rock Partners Acquisition Corp. (BRPA), has extended their completion deadline by three months to February 22, 2019. Big Rock, which IPO'd back on November 20th of 2017, had only twelve months to complete their business combination and given the time crunch, will deposit $690,000 into the trust (or $0. More
CF Finance Acquisition Corp., debuted their SPAC early Friday afternoon with a filing for $250 million and if you haven't already guessed, the "CF" stands for Cantor Fitzgerald, which is sponsoring this SPAC. More
KBL Merger Corp. IV, just announced they "have entered into several non-binding letters of intent with various entities for an initial business combination." As a result, the Company gets to extend their completion deadline to March 7, 2019. More
