After the close today, 8i Enterprises Acquisition Corp. (JFK) announced the result of a special meeting of its shareholders (the “Special Meeting”) which took place today at 10:00 a.m. Eastern Time. At the Special Meeting, the majority of the shareholders voted in favor of a proposal to adjourn the meeting to September 15, 2020. Shareholders will be permitted to redeem their respective ordinary shares up to two (2) business days prior to the date the meeting was adjourned to, or September 11, 2020.
As stated in the F-4, the company has the option to extend the business combination deadline (currently June 30, 2020) by three months to September 30th, upon depositing an additional $0.10 per share per month into the trust account.
1RT (NASDAQ:ONCHU) has filed for a $150 million SPAC with confident terms in a market that has been recently much more welcoming to SPAC issuance. The new SPAC is including 1/4 warrants in its units, which is the slimmest warrant coverage offered by a newly-filed SPAC since Cohen Circle II (NASDAQ:CCIIU) put out its own...
At the SPAC of Dawn This week, the market has taken on better-than-expected inflation news and SPACs continue to see old friends leaning toward listing in the traditional way. This time it is crypto exchange Bullish which is reportedly seeking an IPO three years after canceling its combination with a SPAC. Bullish was initially engaged...
EQV Ventures II (NYSE:EVACU) has filed for a $350 million SPAC aiming to give its team a second vehicle to pursue targets within hopefully a more receptive market environment than its first. The team’s first SPAC, EQV I (NYSE:EQV), broke price on its debut on August 7, 2024, finishing with a one-day VWAP of $9.9452...
HCM III (NASDAQ:HCMAU) has filed for a $220 million SPAC to mount a broad search for a target with a team that had been steadily building a track record of success. The new SPAC offers investors a 1/3 warrant in each unit, but no overfunding of its trust as the team has done in its...
At the SPAC of Dawn Although the past month has been busy in many forms of SPAC activity, it has so far marked a slowdown from April in terms of new deal announcements with three in May and two so far in June. There are several signs that more are on the way, however, including...