Tonight’s notable news below.
NEW 1/4 WARRANT SPAC: DFP HEALTHCARE ACQUISITIONS CORP. (DFPHU)
We had SPAC #14 file to IPO tonight with the $200 million DFP Healthcare Acquisitions Corp., the follow-up effort to DFB Healthcare Acquisition Corp. It’s unclear as to why they decided to name this one DFP Healthcare and not DFB II, or even DFC, More importantly however, DFP is our fifth 1/4 warrant SPAC. Additionally, Deerfield Management will once again be the Sponsor and Deutsche Bank, Jefferies and UBS will be underwriting.
I’ll need to give the prospectus a thorough read-through, so look for a further update next week.
LEISURE ACQUISITION CORP. (LACQ)
Leisure Acquisition Corp. (LACQ), filed a preliminary proxy this evening to extend their completion deadline. However, we still don’t know how much time they will be asking for since that is still currently left blank. However, LACQ did specifically say there will be no contribution to trust for non-redeeming shareholders at this extension vote.
So, some of the possibilities as to why they will not be contributing to trust could include that they will only be asking for a very short amount of time (1-month, maybe 2-months), or….they’re getting a PIPE as a backstop. We should know more as subsequent proxies and/or 8-Ks are filed, but for now….they’re extending.
GORDON POINTE ACQUISITION CORP. (GPAQ)
Gordon Pointe Acquisition Corp. (GPAQ), filed a definitive proxy for their shareholder vote to complete their business combination with HOF Village, for March 25th, 2020. Record date is February 18, 2020 and the redemption deadline is March 23, 2020. GPAQ is coming into the home stretch, so only one more month to go.
Oak Woods Acquisition Corporation priced its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “OAKU” Friday, March 24, 2023. The SPAC intends to focus on businesses that have their primary operations in the technology-enabled healthcare services industry located in the Asia-pacific region. Oak Woods is led by...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: SMX successfully marks steel at manufacturing facility in Europe, and Rainwater Tech partners with Discovery Land to generate rainfall across developer’s properties SMX Leads the Transition from Linear to Circular Production through the Success...
Between the various recent cases in the Delaware courts, such as Boxed, which involved the different SPAC voting classes, or the Multiplan case, or Arrival, all of which are in addition to the 1% excise tax on share buybacks, there has been a noticeable trend of SPACs moving to off-shore domiciles. We spoke with Derek...
two (NYSE:PIAI) announced in an 8-K this morning that it has transferred the majority of its sponsor interest to a new team led by SPAC veteran Thomas Hennessy. The new sponsor entity HC Proptech Partners III is to purchase 4,854,375 promote shares (90.9%) for undisclosed cash consideration and all current SPAC officers are expected to...
Metals Acquisition Corp. (NYSE:MTAL) announced in an 8-K this afternoon that it has entered into a silver stream equity subscription agreement, redemption backstop, and copper stream equity subscription agreement to support its combination with Glencore’s (LON:GLEN) CSA Copper Mine. On March 20, the SPAC entered into a silver stream subscription agreement with Osisko Bermuda pursuant to...