GTY Technology Holdings (GTYH) to Enter into Strategic Partnership
by Kristi Marvin on 2019-02-05 at 10:57am

GTY Technology (GTYH), which has been pumping out 8-Ks at a furious pace lately, released another 8-K this morning announcing they have entered into an agreement to negotiate a strategic partnership with a global payment processing company 45 days from the closing of their business combination. The global payment processor has yet to be named, but it has also agreed to purchase 1,500,000 class A ordinary shares of the Company at a price of? $10.00 per share (or $15 million), immediately prior to the business combination.

The $15 million from the payment processor is on top of the $66,562,380 and $26,681,440, from institutional investors that have also agreed to purchase shares at $10.00, previously 8-k’d here and here.  All three of these announcements means that GTYH has managed to round up $108,243,820 in total for their PIPE.  All done at $10.00.

However, while we do not yet know who the payment processor is or any of the details of the company, payment processing is hot and could be a nice addition to the business combination.  Although, you have to give the GTYH team props for stamina or effort….they are already trying to close on six different companies and are working through a lawsuit, so adding a seventh “partnership” seems like asking a marathoner to knock out 1,000 sit-ups as they cross the finish line.  It’s exhausting just trying to keep up with their news flow.

 

 

GTY Technology Holdings (GTYH) to Enter into Strategic Partnership
Recent Posts
by Nicholas Alan Clayton on 2025-07-03 at 12:54pm

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...

by Nicholas Alan Clayton on 2025-07-03 at 8:27am

At the SPAC of Dawn One of the biggest sources of uncertainty in the SPAC market in recent years has been regulatory changes, but new shifts could be in its favor. SEC Chairman Paul Atkins told CNBC yesterday that the commission would review the rules for SPACs after “rather controversial” changes to the rules passed...

by Nicholas Alan Clayton on 2025-07-02 at 12:13pm

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...

by Nicholas Alan Clayton on 2025-07-02 at 8:29am

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....

by Nicholas Alan Clayton on 2025-07-02 at 6:28am

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...

logo

Copyright © 2025 SPACInsider, Inc. All Rights Reserved