Big Rock Partners Acquisition Corp. (BRPA), filed a preliminary proxy statement this evening to extend their current deadline from March 23, 2020 to an as-yet-to-be-determined date. However, this will be BRPA’s fourth extension vote since their IPO on November of 2017.
BRPA was initially given twelve months to complete a business combination, but has previously extended twice for three months for $0.10 per share to trust (each time). The most recent extension (the third extension) BRPA contributed $0.02 per public share per month for each public share that was not redeemed at its extension vote. It remains to be seen what the contribution will be per share for their fourth extension vote since that information is currently left blank in the proxy. However, the good news is, BRPA has left a space for it.
The record date for the extension vote is set as March 3, 2020 and the vote date will be March 23rd. Look for a subsequent amended preliminary proxy or definitive proxy shortly with the currently missing information provided.
D and Z Media Acquisition Corp. (NYSE:DNZ) announced this afternoon that its special meeting, originally scheduled for 12:00 p.m. today, was convened and then adjourned, without conducting any business, to 1:30 p.m. on December 19. As of now, DNZ has a completion deadline of January 28, 2023, but is hoping to seek shareholder approval to add an extra...
EDOC Acquisition Corp. (NASDAQ:ADOC) has entered into a definitive agreement to combine with food oil processing company Australian Oilseeds at an enterprise value of $190 million. Australian Oilseeds manufactures food-grade, edible oils through several subsidiaries. Transaction Overview EDOC has an estimated $21.3 million in its current trust after seeing about 77.5% redemptions in extension votes....
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What is your life insurance policy worth while you’re still living? This week, we speak with Abacus Life President and CEO Jay Jackson who may just want to buy yours. Abacus Life has made a business of buying consumer life insurance policies for upfront payments and holding them until maturity. To help bring this particular kind of transaction...
Golden Falcon (NYSE:GFX) has entered into a definitive agreement to combine with freight aviation company MNG Airlines at an enterprise value of $676 million, or 5.8x its LTM adjusted EBITDA. Istanbul-based MNG Airlines operates air freight services to four continents with a fleet of nine jets. The combined company is expected to trade on the...