Friday evening, Easterly Acquisition Corp., a $200 million SPAC, released the results of their shareholder vote to approve their business combination with Sirius International Insurance Group, Ltd. Shareholders approved the combination with 16,436,502 votes “for”, but there were a sizeable number of redemptions. Holders of 10,463,267 shares exercised their right to redeem at a redemption price of approximately $10.49 per share, for an aggregate redemption amount of approximately $109.7 million, or a little more than half the trust value.
Sirius Group has applied to list the Sirius Group common shares and converted warrants on the Nasdaq Stock Market under the symbols “SG” and “SGRP-W,” respectively, effective as of the closing of the Merger. However, the anticipated closing date was not detailed in the 8-K.
| FOR | AGAINST | ABSTENTIONS |
| 16,436,502 | 101 | 0 |
Of the five shareholder votes previously scheduled this week, we only have results for two so far. Hunter Maritime, which we’re currently waiting on tender results to confirm, and Easterly. Results are still outstanding for GTY Technology Holdings (vote to extend), Federal Street (adjourned until Nov. 14th) and Matlin & Partners (adjourned until Friday, Nov. 2nd).
Congratulations to everyone involved in the Easterly/Sirius transaction.
ADVISORS
- Sirius Group is being represented by Sidley Austin LLP
- Easterly is being represented by Hogan Lovells US LLP
McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....
EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...
Vendome Acquisition Corporation I (NASDAQ:VNMEU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VNMEU”, Wednesday, July 2, 2025. The new SPAC plans to focus its search on target business in the consumer sector operating in North America, Southeast Asia, and Europe....
Origin Investment Corp. I (NASDAQ:ORIQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ORIQU”, Wednesday, July 2, 2025. The new SPAC aims to mount a broad search for a target with a strong management and both revenue and earnings growth potential....