AHPA Releases Results of Their Vote to Extend Deadline
by Kristi Marvin on 2018-10-04 at 10:14pm

AHPA will now have until February 15, 2019 to complete their transaction

Avista Healthcare Public Acquisition Corp. released the results of their shareholder vote to extend their completion deadline to February 15, 2019 today, and the good news for AHPA is, they now have additional time to complete their business combination. However, as expected, the entire Trust has been redeemed. 30,798,019 shares exercised their right to redeem for cash at a redemption price of approximately $10.20 per share, for an aggregate redemption amount of approximately $314,258,591. Per their most recent 10-Q, there was $314,820,605 held in trust. So, less taxes, etc….the entire trust was wiped out.  There may have been a share or two that didn’t redeem, but does that really matter?

However, look at the table below…


3.3 million shares voted against and 2.4 million abstained.  That’s approximately $57 million worth of shares that decided to say, “You know what, I’m not happy.”  Does it make a difference to AHPA?   No, but it was probably an easier box to check off than “yes”.

Regardless, AHPA gets to complete their deal and the rest of the SPACs out there grind on.  But investors have long memories…Next one ain’t gonna come cheap.


Recent Posts
by Nicholas Alan Clayton on 2023-12-11 at 7:57am

At the SPAC of Dawn This week is set to see SPACs rush to tie up business combinations nicely in a bow before the final two weeks of the year. Eight SPACs currently have completion votes on the docket this week, while there are currently just four more booked for the rest of 2023. Eight...

by Marlena Haddad on 2023-12-11 at 7:52am

SportsMap Tech Acquisition Corp. (NASDAQ:SMAP) announced this morning that its shareholders approved its business combination with intelligent thermal imaging provider Infrared Cameras Holdings (ICI) during a special meeting on December 8. A total of 3,829,673 shares of the common stock, representing approximately 73.86% of the issued and outstanding shares, were present at the meeting, constituting...

by Kristi Marvin on 2023-12-09 at 11:45am

Terms Tracker for the Week Ending December 8, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Well that escalated quickly. While last week was quiet, this week was far busier. SPACs saw one IPO start trading after pricing on Friday of...

by Marlena Haddad on 2023-12-08 at 1:59pm

Mobiv Acquisition Corp. (NASDAQ:MOBV) announced this afternoon that it has closed its combination with EV motorcycle-maker SRIVARU. Shareholders originally approved the deal at a special meeting held back on September 28, but at that time, the parties expected the transaction to take just a week to close. Redemptions whittled Mobiv’s IPO share pool of 10,005,000 down...

by Nicholas Alan Clayton on 2023-12-08 at 11:12am

Achari Ventures I (NASDAQ:AVHI) has entered into a definitive agreement to combine with medtech firm Vaso Corporation at an equity value of $176 million, or 19.5x its 2022 adjusted EBITDA. Wuxi, China-based Vaso provides IT services and sales support to medical device manufacturers. The combined company is expected to trade on the Nasdaq under the...


Copyright © 2023 SPACInsider, Inc. All Rights Reserved