News & Events - SPACs

  • August 21, 2019

    Technology SPAC Apex Technology Acquisition files for a $275 million IPO

    Apex Technology Acquisition, a blank check company targeting a software or internet technology business, filed on Thursday with the SEC to raise up to $275 million in an initial public offering.

    www.nasdaq.com

  • August 13, 2019

    Boxwood Merger Corp. and Atlas Technical Consultants Announce Business Combination

    Boxwood Merger Corp. (Nasdaq: BWMC, BWMCU and BWMCW) (“Boxwood”), a publicly-traded special purpose acquisition company, and Atlas Intermediate Holdings LLC (“Atlas”) (combined together with Boxwood, the “Company”), a leading provider of professional testing, inspection, engineering and consulting services, announced today that they have entered into a definitive agreement whereby Atlas will become a wholly-owned indirect subsidiary of Boxwood.

    www.yahoo.finance.com

  • August 13, 2019

    Thunder Bridge Acquisition II, Ltd. Announces Closing of $345,000,000 Initial Public Offering

    Thunder Bridge Acquisition II, Ltd. (NASDAQ:THBRU) (the "Company") announced today that it closed its initial public offering of 34,500,000 units, including 4,500,000 Units issued pursuant to the exercise in full of the underwriters' over-allotment option. Ellenoff Grossman & Schole LLP acted as counsel to the Company and Ropes & Gray LLP acted as counsel to the underwriters.

    www.nasdaq.com

  • August 12, 2019

    Black Ridge Oil & Gas, Inc. Sponsored SPAC Closes Business Combination

    Black Ridge Oil & Gas, Inc. (the “Company” or “Black Ridge”) (ANFC) today announced the closing of the merger agreement between Black Ridge Acquisition Corp. (“BRAC”) (NASDAQ: BRAC, BRACU, BRACW, BRACR), Allied Esports International, Inc. and WPT Enterprises, Inc. BRAC will be renamed Allied Esports Entertainment, Inc. and its common stock is expected to trade on the NASDAQ Capital Market Exchange under the ticker symbol AESE beginning on or about Monday, August 12, 2019.

    www.yahoo.finance.com

  • August 12, 2019

    Trinity Merger Corp. and Broadmark Announce Merger Agreement

    Trinity Merger Corp. (“Trinity”) (Nasdaq: TMCX, TMCXU, TMCXW), a special purpose acquisition company, and the Broadmark real estate lending companies and management companies (“Broadmark”), specialty commercial real estate finance companies providing construction, land and development financing for commercial and residential properties, announced today...

    www.businesswire.com

  • August 08, 2019

    ANALYSIS: Europe’s IPOs Down, While SPACs Nearly Halt

    European IPOs posted poor results by nearly any measure during the first half of the year, contrasting sharply with a U.S. IPO market enjoying stellar growth. Volkswagen’s cancellation of its Traton SE trucks division may be consistent with—and a contributor to—this trend.

    www.news.bloomberglaw.com

  • August 08, 2019

    Fintech SPAC Thunder Bridge Acquisition II prices $300 million IPO at $10

    Thunder Bridge Acquisition II, the second blank check company led by Gary Simanson targeting the fintech industry, raised $300 million by offering 30 million units at $10, as expected. Each unit consists of one ordinary share and one-half of one warrant exercisable at $11.50 per share.

    www.nasdaq.com

  • August 05, 2019

    DD3 Acquisition Corp. announces it has entered into a definitive agreement to merge with Betterware

    DD3 Acquisition Corp. ("DD3") (DDMX), a publicly-traded special purpose acquisition company and Betterware de Mexico ("Betterware"), a leading direct-to-consumer selling company in Mexico (focused on the home solutions and organization segment), announced today they have entered into a definitive agreement to merge.

    www.yahoo.finance.com

  • August 02, 2019

    Orisun Acquisition Corp. Announces Pricing of $40 Million Initial Public Offering

    Orisun Acquisition Corp. (NASDAQ: ORSNU, the "Company") announced today that it priced its initial public offering of 4,000,000 units at $10.00 per unit. The units are expected to be listed on The NASDAQ Capital Market ("NASDAQ") and trade under the ticker symbol "ORSNU" beginning today, August 2, 2019.

    www.yahoo.finance.com

  • August 01, 2019

    Gordon Pointe Acquisition Corp. Enters into Non-Binding Agreement in Principle to Combine with Company that owns the Johnson Controls Hall of Fame Village in Canton, Ohio

    Gordon Pointe Acquisition Corp. ("GPAQ") (NASDAQ: GPAQ, GPAQU, GPAQW), a special purpose acquisition company announced today that it has entered into a non-binding Agreement in Principle (the "Agreement") to merge with an affiliate of HOF Village, LLC ("The Hall of Fame Village", "HOFV" or the "Company"), a sports, entertainment and media company founded by the Pro Football Hall of Fame through its wholly owned, for profit subsidiary Hall of Fame Village, Inc. and Industrial Realty Group, LLC.

    www.yahoo.finance.com

  • July 31, 2019

    Fintech SPAC Netfin Acquisition Corp prices $220 million IPO at $10

    Netfin Acquisition, a blank check company targeting a fintech business in an emerging market, raised $220 million by offering 22 million units at $10. Each unit consists of one share of common stock and one warrant which can be used to purchase a share of stock at $11.50 per share.

    www.nasdaq.com

  • July 29, 2019

    Fellazo Inc. Announces Closing of $50 million Initial Public Offering

    Fellazo Inc. (NASDAQ: FLLCU, the "Company"), a company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, announced today the closing of its previously announced initial public offering of 5,000,000 units at a price of $10.00 per unit.

    www.yahoo.finance.com

  • July 23, 2019

    ‘Blank Check’ Companies See Revival as Big Names Embrace Trend

    The share of so-called blank check companies listing on U.S. exchanges is nearing levels not seen since the 2008 financial crisis, and they’re drawing attention from investors and regulators.

    www.bloomberglaw.com

  • July 22, 2019

    Cannabis Investors Are Dangling A $1.8 Billion Blank Check

    Publicly traded cannabis companies have been slumping through the spring and summer, but investors are still willing to throw nearly wads of cash at cannabis companies, with nearly $2 billion of blank check companies gone public or pending since March, according to New Cannabis Ventures.

    www.forbes.com

  • July 19, 2019

    Largest Canadian Cannabis SPAC Lists on NEO Exchange

    On Tuesday (July 16), NEO announced that Subversive Capital Acquisition’s (NEO:SVC.UN.U) Class A restricted voting units are now available to investors.  Subversive’s initial public offering (IPO) of US$575 million made it the largest SPAC IPO in Canadian history, according to a press release. Following its qualifying transaction, Subersive’s strategy will be to “identify, acquire and … assist in the growth of a business in the cannabis industry.”

    www.investingnews.com

  • July 19, 2019

    Cannabis SPAC Silver Spike Acquisition Corp files for a $250 million IPO

    Silver Spike Acquisition Corp, a blank check company targeting the cannabis industry, filed on Friday with the SEC to raise up to $250 million in an initial public offering.

    www.nasdaq.com

  • July 18, 2019

    Chardan's blank check company picks microbiome player BiomX for $70M reverse merger

    An unorthodox reverse merger has catapulted Israeli biotech BiomX onto the American stock market and infused as much as $70 million into the startup.

    www.endpts.com

  • July 17, 2019

    Chardan Healthcare Acquisition Corp. Announces Merger Agreement with BiomX Ltd.

    Chardan Healthcare Acquisition Corp. (NYSE: CHAC, "CHAC"), a special purpose acquisition company ("SPAC") sponsored by affiliates of Chardan Capital Markets LLC ("Chardan"), announced today that it has entered into a definitive agreement for a business combination with BiomX Ltd. ("BiomX"), a microbiome company developing both natural and engineered phage therapies.

    www.yahoo.finance.com

  • July 17, 2019

    Oaktree Acquisition Corp. Announces Pricing of $175 Million Initial Public Offering

    Oaktree Acquisition Corp. (the “Company”), a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, today announced the pricing of its initial public offering of 17,500,000 units at a price of $10.00 per unit.

    www.yahoo.finance.com

  • July 17, 2019

    Consumer-focused SPAC Conyers Park II Acquisition Corp prices $400 million IPO at $10

    Conyers Park II Acquisition Corp, a consumer-focused blank check company led by consumer industry veterans, raised $400 million by offering 40 million shares at $10.

    www.nasdaq.com

  • July 16, 2019

    Pivotal Investment Corporation II Announces Closing of $230 Million Initial Public Offering

    Pivotal Investment Corporation II (NYSE: PIC.U) (the “Company”) announced today that it closed its initial public offering of 23,000,000 units, including the full 3,000,000 units subject to the underwriters’ over-allotment option, at $10.00 per unit.

    www.yahoo.finance.com

  • July 12, 2019

    With Virgin Galactic deal, a former Facebook star is back in the spotlight

    Chamath Palihapitiya vowed to reinvent the way technology start-ups go public two years ago when he listed Social Capital Hedosophia, a shell company that raised $600 million on the New York Stock Exchange.

    www.latimes.com

  • July 12, 2019

    Healthcare SPAC SC Health Corp prices IPO at $10

    SC Health Corp, a blank check company targeting the healthcare industry in the Asian Pacific region, raised $150 million by offering 15 million shares at $10.

    www.nasdaq.com

  • July 11, 2019

    Thunder Bridge Acquisition, Ltd. Completes Business Combination With REPAY

    Repay Holdings, LLC, a leading provider of vertically-integrated payment solutions, together with its parent, Hawk Parent Holdings, LLC (together, “REPAY”), and Thunder Bridge Acquisition, Ltd. (NASDAQ:TBRG) (“Thunder Bridge”), a special purpose acquisition company, announced today that they have completed their previously announced business combination under which Thunder Bridge acquired REPAY for approximately $580.7 million in total consideration.

    www.businesswire.com

  • July 11, 2019

    Fintech SPAC Netfin Acquisition Corp files for a $220 million IPO

    Netfin Acquisition Corp, a blank check company led by finance veterans targeting the fintech industry, filed on Thursday with the SEC to raise up to $220 million in an initial public offering.

    www.nasdaq.com