The Latest News in SPACs
GSAH: GS Acquisition Holdings Corp.
GS Acquisition Holdings filed an amended S-1 yesterday, adding three new Directors to the Board. They are James Albaugh, former President and CEO of Boeing, Roger Fradin, former president and chief executive officer of Honeywell’s Automation and Control Solutions business, and Steven Reinemund, former Chairman, Executive Chairman and CEO of PepsiCo. Impressive board additions as expected from a high-profile SPAC. You can read their full bios on the GS Acquisition Holdings profile page.
LCA: Landcadia Holdings, Inc.
Yesterday, Landcadia held the vote to extend their completion deadline to December 14, 2018 and announced the results.
| FOR | AGAINST | ABSTENTIONS | BROKER NON-VOTES |
| 26,508,297 | 3,900 | 0 | 0 |
JSYN: Jensyn Acquisition Corp.
Jensyn Acquisition Corp. announced they will be contributing $.042 per month for a period of three months for each public share that is not converted into cash at the special meeting June 4th, where shareholders will be voting on extending Jensyn’s completion deadline. This means a total of $0.126 per share will be contributed over the three month period increasing the conversion price to $10.78 per share at September 3rd (the new extended completion deadline). Currently, the conversion of shares is pegged at approximately $10.65 per share for the June 4th vote.
BCAC: Bison Capital Acquisition Corp.
Bison Capital announced today that Mr. Ning Wang resigned from his position as independent director and Chairman of the Audit Committee due to personal reasons. In his place, Bison has appointed Mr. Richard Peidong Wu. Mr. Wu has been the Chief Financial Officer of Airmedia Group Inc, a Nasdaq-listed outdoor media group (symbol: AMCN).
Terms Tracker for the Week Ending October 11, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This week was sandwiched in between the Rosh Hashanah and Yom Kippur holidays, and as such, it was on the lighter side for news. In...
Much has been written about the rise and fall of companies from the last SPAC cycle. But, the turning tides of the past month would seem to suggest that perhaps more than a SPAC-specific trend, what the market saw was mostly macro factors all along. In the aggregate, the 199 companies that listed via DeSPAC...
At the SPAC of Dawn October is quickly catching up to last month’s SPAC IPO figures and is now pacing to break them with two more SPACs pricing last night. This comes amid continued signals that the IPOs of all kinds are not keeping up with rising market sentiment and a high demand for private...
Rising Dragon Acquisition Corp. announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RDACU”, Friday, October 11, 2024. The new SPAC does not plan to target a particular industry or geography in its combination search but plans to leverage the experience of...
Cohen Circle Acquisition Corp. I announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CCIRU”, Friday, October 11, 2024. The Company’s primary focus will be to identify companies in the financial services technology (fintech) sector and fintech adjacent sectors that power transformation...