GORDON POINTE ACQUISITION CORP. (GPAQ)
Last Thursday, May 14th, Gordon Pointe Acquisition Corp. (GPAQ), held their shareholder vote to extend their completion deadline to June 15th, with an option to further extend to July 15th (if they need it). GPAQ will now be looking to close their combination with HOF Village, the football “Hall of Fame Village”, as soon as possible.
The good news is, all things considered, GPAQ had a pretty good extension vote with 658,072 shares opting to redeem at a per share price of ~$10.77, or $7.1 million total. That leaves approximately $31.1 million in the trust, including the $114,937.76 ($0.04 per share) the sponsors contributed for non-redeeming shareholders. This is down from the approximate $38.0 million held in trust going into the vote.
We don’t have a shareholder vote date set just yet, but considering GPAQ only has, at most, a little less than two months to go, a new proxy should be filed shortly.
Vote Results:
| FOR | AGAINST | ABSTENTIONS | BROKER NON-VOTES |
| 5,863,406 | 63,136 | 0 | 0 |
Emmis Acquisition Corporation (NASDAQ:EMISU) has filed for a $100 million SPAC to take a look at the manufacturing sector after a few unique wrinkles in their IPO process. Initial investors are set to receive one right to a 1/10 share in each unit purchased and the SPAC will have 18 months to complete a business...
Chenghe III (NASDAQ:CHEC.U) has filed for a $110 million SPAC to continue the team’s growing series while turning to a new underwriter. The new SPAC is offering investors a 1/2 warrant in each unit and no overfunding of the trust, but it will need to complete a business combination within 18 months of its IPO...
At the SPAC of Dawn Futures sit slightly red as investors return from holidays of barbecues and fireworks to renewed concerns about where US President Donald Trump’s tariff policy might hamper trade. The latest shift produced a further one-month delay in most of the tariffs Trump has threatened to impose as his administration continues to...
Terms Tracker for the Week Ending July 3, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We’re heading into the July 4th holiday, so we’ll keep this week’s column short and to the point. But before you head to the beach,...
Crown PropTech (OTC:CPTKW) has entered into a definitive agreement to combine with rare earth mining firm Mkango Resources (TSX-V:MKA) at a pre-money equity value of $400 million. London-based Mkango is working to commercialize a chain of rare earth mining and refining facilities in Africa and Europe. The combined company is expected to trade on the...