Mid-day News Update: GSAH, LCA, JSYN, BCAC
by Kristi Marvin on 2018-05-31 at 12:54pm

The Latest News in SPACs


GSAH: GS Acquisition Holdings Corp.

GS Acquisition Holdings filed an amended S-1 yesterday, adding three new Directors to the Board. They are James Albaugh, former President and CEO of Boeing, Roger Fradin, former president and chief executive officer of Honeywell’s Automation and Control Solutions business, and Steven Reinemund, former Chairman, Executive Chairman and CEO of PepsiCo.  Impressive board additions as expected from a high-profile SPAC. You can read their full bios on the GS Acquisition Holdings profile page.


LCA:  Landcadia Holdings, Inc.

Yesterday, Landcadia held the vote to extend their completion deadline to December 14, 2018 and announced the results.

FORAGAINSTABSTENTIONSBROKER NON-VOTES
26,508,2973,90000

JSYN: Jensyn Acquisition Corp.

Jensyn Acquisition Corp. announced they will be contributing $.042 per month for a period of three months for each public share that is not converted into cash at the special meeting June 4th, where shareholders will be voting on extending Jensyn’s completion deadline. This means a total of $0.126 per share will be contributed over the three month period increasing the conversion price to $10.78 per share at September 3rd (the new extended completion deadline).  Currently, the conversion of shares is pegged at approximately $10.65 per share for the June 4th vote.


BCAC: Bison Capital Acquisition Corp.

Bison Capital announced today that Mr. Ning Wang resigned from his position as independent director and Chairman of the Audit Committee due to personal reasons. In his place, Bison has appointed Mr. Richard Peidong Wu.  Mr.  Wu has been the Chief Financial Officer of Airmedia Group Inc, a Nasdaq-listed outdoor media group (symbol: AMCN).

 

Recent Posts
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...

by Marlena Haddad on 2023-12-08 at 10:27am

EF Hutton Acquisition Corp. I (NASDAQ:EFHT) announced this morning that its shareholders have approved its business combination with E.C.D. Auto Design. At the meeting, there were 5,089,203 shares of common stock, representing approximately 76.82% of the issued and outstanding shares of common stock, present. In connection with the meeting, the company’s stockholders holding 3,470,945 shares,...

by Marlena Haddad on 2023-12-08 at 9:42am

Legato Merger Corp. III (NYSE:LEGT) filed for a $175 million IPO yesterday afternoon, becoming the fourth SPAC to file this week. While the other three SPACs that filed their S-1s earlier this week intend to pursue targets in the financial services and biotech industries, Legato III, similar to the earlier Legato SPACs, will focus on...

logo

Copyright © 2023 SPACInsider, Inc. All Rights Reserved