Chardan Healthcare Acquisition 2 Corp. (CHAQ.U), announced the pricing of their $85 million SPAC IPO this evening and the units are expected to begin trading, tomorrow, Friday, April 24th, under the symbol NYSE: CHAQ.U.
Chardan Healthcare 2, intends to focus on companies in the healthcare industry located in North America, and will be led by Gbola Amussa, as Executive Chairman, and Jonas Grossman, as President, CEO and Director. George Kaufman, will be CFO and Head of Strategy.
Total SPAC deal count for 2020 year-to-date is now 15 with $4.61 billion in gross proceeds raised. The offering is expected to close on Tueday, April 28, 2020.
Chardan acted as sole book-running manager for the offering. Loeb & Loeb LLP and Kirkland & Ellis LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively. Marcum LLP acted as auditor.
Trajectory Alpha Acquisition Corp. (NYSE:TCOA) announced this afternoon that it has entered into a purchase and contribution agreement with its sponsor and J. Streicher Holdings, LLC. As a result, the SPAC will undergo a change in management. As part of the agreement, J. Streicher will pay $250,000 to Trajectory Alpha and $1.00 to the sponsor. In return,...
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Clover Leaf Capital Corp. (NASDAQ: CLOE) has entered into a definitive agreement to combine with Digital Ally, Inc.’s (NASDAQ: DGLY) ticketing platform Kustom Entertainment at a pro forma equity value of approximately $222.2 million. Kansas City, Kansas-based Kustom Entertainment is a primary and secondary ticket platform that manages wholly-owned subsidiaries TicketSmarter and Kustom 440. Transaction Overview Clover...