It's "Announce Your PIPE Day" Today... People in finance love to make things super complicated. Throw in some legal language and trying to make sense of the Easterly announcement and subscription agreement will make you feel like you belong in remedial reading. More
Hennessy Capital Acquisition Corp. III, announced this morning that they have secured capital commitments to the tune of $85 million, thereby securing the necessary financing to complete their business combination with NRC Group. More
Longevity Acquisition Corp. announced the pricing of their $40 million SPAC tonight and the unit will begin trading on the Nasdaq tomorrow morning under the symbol LOACU. Longevity is being led by Matthew Chen, as Chairman and CEO and intends to focus on companies in the PRC. More
One Last SPAC to Close Out August and Bring the Month's Deal Count to Seven. To cap off a very busy August, Longevity Acquisition Corporation, filed their CERT today, indicating they will be pricing their IPO tonight for trading Wednesday (Nasdaq: LOACU). More
Megalith Financial Acquisition Corp. announced the pricing of their $150 million SPAC last night and the unit will begin trading on the NYSE this morning under the symbol MFAC.U. Megalith, which intends to focus on financial services and fintech companies, is being led by Jay Sidhu, as Executive Chairman, and Samvir Sidhu, as CEO. More
Megalith Financial Acquisition Corp. filed an amended S-1 this afternoon with a few changes to the terms and its very positive. First, Megalith now has 21 months to find an acquisition, down three months from the previous 24 months. More
The Latest News in SPACs AHPA: Avista Healthcare Public Acquisition Corp. Avista Healthcare filed a preliminary proxy tonight to extend their completion deadline by 120 days from October 14th to February 15th, 2019, via shareholder vote. More
Tenzing Acquisition Corporation announced the pricing of their upsized $55 million SPAC last night and the unit will begin trading this morning under the symbol TZACU. Tenzing, which intends to focus on companies in India that have an enterprise value between $150 million and $500 million, is being led by Rahul Nayar, as CEO, and Parag Saxena, as Chairman. More
(The post below is an excerpt from the weekly subscriber email sent out every Monday morning before the market open.) Avista Disappoints... Question: If a SPAC announces their acquisition on a summer Friday, in the back half of August, after 5:00PM and without a follow-up conference call, do you think the SPAC team is eager to talk to investors? More
Churchill Capital Corp. filed for a $400 million IPO very late Friday evening, with a focus on the technology and software sectors. Churchill is being led by Jerre Stead, as CEO and Director, and Michael Klein, as Chairman. More
