News & Events - SPACs

  • August 31, 2017

    Nasdaq Looks to Ease Rules for Blank-Check IPOs

    Nasdaq Inc. wants to make it easier for blank-check companies to go public, as such firms account for a growing portion of the IPO market.In a blank-check listing, a company with no assets has an initial public offering to raise cash for acquisitions. The approach has become an increasingly popular way for well-known executives to launch firms, especially in the energy sector.

    www.wsj.com

  • August 30, 2017

    Nasdaq Successfully Lists 90 SPAC IPOs, raising a total of $15.3B

    Nasdaq extends market leadership in Special Purpose Acquisition Companies (SPACs) initial public offerings (IPOs) with 90 SPAC IPOs. Since the adoption of new listing rules in 2011, Nasdaq has consistently been the exchange of choice for SPACs, attracting 96% of all SPAC IPOs listing on a national exchange.

    www.nasdaq.com

  • August 23, 2017

    Tech-focused SPAC Social Capital Hedosophia files for $500 million IPO

    Social Capital Hedosophia Holdings, a blank check company formed by Social Capital and Hedosophia to acquire a technology company, filed on Wednesday with the SEC to raise up to $500 million in an initial public offering. The deal would be the third-largest SPAC IPO of the year, and the first technology-focused SPAC.

    www.nasdaq.com

  • August 21, 2017

    Avista Healthcare Public Acquisition Corp. To Combine With Envigo International Holdings, Inc.

    Avista Healthcare Public Acquisition Corp. (NASDAQ: AHPA) ("AHPAC"), a publicly traded special purpose acquisition company, and Envigo International Holdings, Inc. ("Envigo" or the "Company"), a leading early stage non-clinical contract research organization ("CRO") offering a diverse set of non-clinical discovery and safety assessment services as well as laboratory animal science tools, jointly announced that they have entered into a definitive merger agreement.

    www.prnewswire.com

  • August 18, 2017

    Pacific Special Acquisition Corp. and Borqs International Holding Corp Announce Completion of Business Combination

    Pacific Special Acquisition Corp. (the "Company" or "Pacific"), a special purpose acquisition company whose securities currently trade on Nasdaq under the symbols PAACU, PAAC, PAACR and PAACW, and Borqs International Holding Corp ("BORQS"), today jointly announced that the two companies have successfully concluded a merger by which BORQS became a wholly-owned subsidiary of the Company and the former stockholders of BORQS acquired a majority of the outstanding equity of the Company.

    www.prnewswire.com

  • July 28, 2017

    High Times is going public through a deal with a blank-check company — and here’s what that means

    Want to go public without all the fees and fanfare? Get acquired by an already public blank-check company.  That’s the route the marijuana publication High Times is taking, after the company announced Thursday that it plans to be acquired by Origo Acquisition Corp OACQ, -0.34%   a company that was founded in 2014 and is already publicly traded but had no existing line of business.

    www.marketwatch.com

  • July 12, 2017

    NYSE Group Expands Opportunities for Listings of Special Acquisition Companies (SPACs) through Listings Rule Enhancements; Launches Three SPAC IPOs in Three Months Raising $1.2B

    The New York Stock Exchange (NYSE), part of the Intercontinental Exchange (NYSE:ICE), has enhanced its listing rules and services platform to attract Special Acquisition Companies (SPACs) to list on the NYSE. A final rule filing for NYSE’s SPAC listings was approved by the SEC late last week.

    www.businesswire.com

  • June 28, 2017

    Circling above: SPAC Osprey Energy Acquisition files for a $250 million IPO

    Osprey Energy Acquisition, a blank check company formed to acquire an energy business, filed on Wednesday with the SEC to raise up to $250 million in an initial public offering.

    www.nasdaq.com

  • June 27, 2017

    TPG Pace Holdings Corp. Announces Pricing of $400,000,000 Initial Public Offering

    TPG Pace Holdings Corp. (the “Company”), a newly organized blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting 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 40,000,000 units at a price of $10.00 per unit.

    www.businesswire.com

  • June 21, 2017

    India-focused blank-check firm Constellation Alpha raises $144m in Nasdaq IPO

    Constellation Alpha Capital Corp. (CNAC), an India-focused special purpose acquisition firm, Tuesday said it has raised $143.75 million through an initial public offering on US stock exchange Nasdaq. A special purpose acquisition company (SPAC) is a publicly listed buyout company that raises a blind pool of money through an IPO for completing the acquisition of a private company.

    www.dealstreetasia.com

  • June 21, 2017

    Federal Street Acquisition, a Thomas H. Lee SPAC, files for $400 million IPO

    Federal Street Acquisition, a blank check company formed by the Co-President of Thomas H. Lee Partners to acquire a healthcare business, announced terms for its IPO on Wednesday.

    www.nasdaq.com

  • June 15, 2017

    Surging Shale Spawns New Financing Structure for Energy Infrastructure

    Strong demand for shale oil-and-gas infrastructure is giving rise to an important new financing vehicle for pipeline, processing and storage ventures that are needed to get more shale fuels to market.

    www.nytimes.com

  • June 09, 2017

    No relaxing at the beach: SPAC TPG Pace Holdings files for a $400 million IPO   

    TPG Pace Holdings, a TPG-backed blank check company formed by hotwire.com founder Karl Peterson, filed on Wednesday with the SEC to raise up to $400 million in an initial public offering.

    www.nasdaq.com

  • June 07, 2017

    KBL Merger Corp. IV Announces Pricing of $100 Million Initial Public Offering

    KBL Merger Corp. IV (the "Company") announced today the pricing of its initial public offering of 10,000,000 units at $10.00 per unit. The units will be listed on The NASDAQ Capital Market ("NASDAQ") and trade under the ticker symbol "KBLMU" beginning June 2, 2017.

     www.prnewswire.com

  • May 22, 2017

    India-Focused Blank-Check Co. Files $125M IPO

    Constellation Alpha Capital Corp., a special purpose acquisition vehicle raising money to buy an Indian health care or manufacturing business,...

    www.law360.com

  • May 08, 2017

    Alignvest Acquisition II: a new SPAC, but with a twist

    It’s a first of its kind and for those who thought that special-purpose acquisition companies, at least in the Canadian context, would be one and done, a little rethink is required.  On Monday, the marketing process for Alignvest Acquisition II Corp. started. Alignvest II is from the same stable as the original Alignvest SPAC, an offering that closed in the summer of 2015 with $259 million in proceeds.

    www.bullfax.com

  • May 05, 2017

    An unusual 'blank check company' just began trading on the NYSE for the first time ever

    The NYSE floated an unusual investment vehicle Friday that, in a way, is a bet on lower oil prices.  The company is TPG Pace Energy Holdings and the investment is a SPAC (special purpose acquisition company). A SPAC is what is called a "blank check company" — essentially a blind pool of money that is going public. It's not an operating company since there is nothing to manage. At least not yet.

    www.cnbc.com

  • April 26, 2017

    Healthcare SPAC KBL Merger Corp. IV files for a $100 million IPO

    KBL Merger Corp. IV, a blank check company formed to acquire a healthcare company, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.

    www.nasdaq.com

  • April 13, 2017

    Forum Merger Corporation ("Forum" or the "Company"), a company formed for the purpose of entering into a merger, share exchange, asset acquisition or other similar business combination with one or more businesses or entities, today announced the closing of its initial public offering of 15,000,000 units at a price to the public of $10.00 per unit, with the offering raising gross proceeds of $150,000,000.

    Finance.yahoo.com

  • March 31, 2017

    2 Energy-Focused Blank Check IPOs Advance Totaling $550M

    Kayne Anderson Acquisition Corp., a blank check company formed by a private equity firm to buy an energy business, raised $350 million through an initial public offering Wednesday, the same day another energy-focused acquisition vehicle filed a $200 million IPO, both advised by Ellenoff Grossman & Schole LLP.

    www.law360.com

  • March 20, 2017

    Capitol Acquisition Corp. III to Combine with Cision

    The parent company of Cision, a leading global provider of cloud-based earned media solutions, and Capitol Acquisition Corp. III (NASDAQ: CLAC; "Capitol"), a public investment vehicle, announced that they have entered into a definitive agreement in which Cision will become a publicly listed company with an anticipated initial enterprise value of approximately $2.4 billion.

    www.sec.gov

  • March 20, 2017

    How 'Bout Those Twinkies?

    Don't recall the Hostess IPO? That's because technically there wasn't one. Its owners Apollo Global Management and Metropoulos & Co. -- which acquired the old Hostess during its 2013 liquidation -- opted to sell the business four months ago to a special-purpose acquisition company, or SPAC, sponsored by Gores Group, another private equity shop.

    www.Bloomberg.com

  • March 10, 2017

    Matlin & Partners Acquisition Corporation Announces Pricing of $300,000,000 Initial Public Offering

    Matlin & Partners Acquisition Corporation announced the closing of its initial public offering in the amount of $300,000,000.  The Company is a blank check company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

    www.prnewswire.com

  • March 09, 2017

    Kayne Anderson Files $350M IPO For Energy-Focused SPAC

    Kayne Anderson Capital Advisors LP announced their plans for an initial public offering that would raise $350 million for a special purpose acquisition company, or “blank-check company,” with its sights on acquiring an energy business.  EG&S is counsel to Kayne.

    www.law360.com

  • February 27, 2017

    Daseke, Inc. and Hennessy Capital Acquisition Corp. II Announce Closing of Merger Transaction

    Daseke, Inc. (“Daseke”) and Hennessy Capital Acquisition Corp. II (NASDAQ: HCAC, HCACU, HCACW) (“HCAC” or the “Company”) today announced the closing of their previously announced business combination. The merger was approved at HCAC’s special meeting of stockholders held earlier today. As part of the transaction, HCAC changed its name to Daseke, Inc. As a result, the Company expects that, effective Feb. 28, 2017, the Company’s common stock and warrants will begin trading under the ticker symbols “DSKE” and “DSKEW,” respectively, on the Nasdaq Capital Market.

    www.businesswire.com