ACT II Global Acquisition Corp. (ACTT), which was scheduled to hold their general shareholder vote and special warrant holder vote today to complete their combination with Flavors Holdings Inc. and subsidiaries Merisant Company and MAFCO Worldwide LLC, announced this morning that they have adjourned their meeting and rescheduled for Wednesday, June 24th, to allow for more time to solicit additional proxies from its shareholders and public warrant holders.
As a result of the adjournment, the redemption deadline has been changed as well. The final date for public shareholders to demand redemption of their shares has been extended to 5:00 p.m., Eastern Time, on June 22, 2020. However, the record date remains the same, which is the close of business on May 1, 2020.
This is the first time ACTT has had to adjourn their shareholder meeting. This will give the ACTT team time to strengthen the vote.
Parsec Capital (NASDAQ:PCX) announced in an 8-K this morning that it has begun the process of liquidating its trust account, but the filing also curiously notes that the team is trying to carry on with its announced combination with Enteractive Media. The announcement matches what the SPAC said in its 10-Q filed November 18, that...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Palihapitiya blames Fed for crushing the blank-check bubble, and Hong Kong is set to regain top-three IPO ranking in 2022 SPAC king Chamath Palihapitiya says the Fed crushed the bubble in blank-check firms...
PHP Ventures Acquisition Corp. (NASDAQ: PPHP) has entered into a definitive agreement to combine with ConstrucTech company Modulex Modular Buildings Plc (“Modulex”) at a valuation of $600 million. UK-based Modulex manufactures 3D volumetric steel modular buildings and harnesses emerging technologies to meet housing and infrastructure needs. The combined company is expected to trade on the...
7GC & Co. (NASDAQ:VII) has entered into a definitive agreement to combine with video engagement platform Banzai at an enterprise value of $380 million, or 17.3x its revenue in the 12 months ending in September 2022. Bainbridge Island, Washington-based Banzai provides a suite of virtual event management and analytical tools through a software-as-a-surface (SaaS) model....
AlphaTime Acquisition Corp. (NASDAQ:ATMC) filed its S-1 yesterday morning for a $60 million IPO as the second SPAC to file for an IPO in December thus far. The new SPAC has set its sights on businesses in Asia that have the potential to generate strong, stable, and increasing free cash flow, particularly businesses with predictable revenue streams...