The Rumors are True: Spartan Energy Files with Apollo as Sponsor, Underwriter & Forward Purchaser
by Kristi Marvin on 2018-07-20 at 6:49pm

Spartan Energy Files for $400 Million SPAC Backed by Apollo 

Breaking news:  Spartan Energy Acquisition Corp. files for a $400 million SPAC, backed by Apollo as Sponsor, Underwriter and Forward Purchaser. Plus, Citigroup is back in the game for 2018 with another energy SPAC, and back in a big way on the left of the cover.

I’m currently going through the filing and will report back with details as soon as I’ve had a chance to read through the entire document.  However, there were two other filings tonight as well:  Tenzing Acquisition Corp. (profile here) and Megalith Financial Acquisition Corp. (profile here). The Megalith name is…questionable…and frankly, reminds me of a certain Michael Bay movie.  Next up, the Optimus Prime SPAC?

All told, three new SPACs on a Friday evening jibes right with my predictions….late July filings to tee up the fall calendar.  Expect more in the next two weeks.

Stay tuned for more details.

The Rumors are True: Spartan Energy Files with Apollo as Sponsor, Underwriter & Forward Purchaser
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