March 01, 2019
Real Estate, Energy SPACs Launch IPOs Totaling $475M
A pair of special purpose acquisition companies made their market debuts on Thursday after pricing shares at a combined $475 million, as DiamondPeak Holdings Corp. and Tortoise Acquisition Corp. look ahead to deals in the real estate and energy sectors, respectively.
February 14, 2019
Cannabis blank check Tuscan Holdings files for a $200 million IPO
Tuscan Holdings, a blank check company targeting the cannabis industry, filed with the SEC on Wednesday to raise $200 million in an initial public offering.
February 12, 2019
Hennessy Capital Acquisition IV files for a $250 million IPO
Hennessy Capital Acquisition IV, a blank check company targeting the industrial and infrastructure solutions sectors, filed with the SEC on Monday to raise $250 million in an initial public offering.
February 05, 2019
TPx Communications To Go Public Via A $343 Million Acquisition
Service provider TPx Communications, formerly known as TelePacific Communications, is going public as part of a complex deal involving a special purpose acquisition company. Los Angeles-based TPx has teamed up with special purpose acquisition company Pensare Acquisition Corp., which will help TPx become a Nasdaq-listed public company.
January 31, 2019
Pivotal Acquisition Corp. Announces Pricing of $200 Million Initial Public Offering
Pivotal Acquisition Corp. (NYSE: PVT.U) (the “ Company ”) announced today that it priced its initial public offering of 20,000,000 units at $10.00 per unit. The units will commence trading today on the NYSE under the symbol “PVT.U”.
January 31, 2019
The Gores Group's blank check Gores Metropoulos prices $375 million IPO at $10
Gores Metropoulos, a blank check company formed by dealmaker Dean Metropoulos and The Gores Group, targeting the consumer products and services industries, raised $375 million by offering 37.5 million units at $10, as expected.
January 29, 2019
Latin America blank check Andina Acquisition III prices $100 million US IPO at $10
Andina Acquisition III, a blank check company formed to acquire a business in Latin America, raised $100 million by offering 10 million shares at $10.
January 24, 2019
Modern Media Acquisition Corp. Enters into Merger Agreement with Akazoo Ltd., a global music streaming platform
Modern Media Acquisition Corp. (NASDAQ:MMDM) (“MMDM”) today announced that it has entered into a definitive agreement to combine with Akazoo Ltd, a global digital music streaming platform based in the United Kingdom, in a transaction that would value the combined company at approximately $469 million.
January 23, 2019
Blank-check company IPOs moving ahead despite government shutdown
A corner of the market for initial public offerings (IPO) is evading the freeze on stock market flotations inflicted by the U.S. government shutdown, putting the spotlight on listings that usually stay under most investors’ radar.
January 14, 2019
Why Is This Oil and Gas Company Playing Poker?
The blank checks are getting larger on Wall Street and have even fewer strings attached. In mid-December, Black Ridge Acquisition Corp., a public investment vehicle that raised $138 million in an IPO a little more than a year ago to do deals in the energy sector, announced that it was instead buying a company that organizes poker tournaments. As part of the deal, Black Ridge will also get a 1,000-person arena in Las Vegas for playing video games.
January 08, 2019
Go Public Without a Business? It Can Work If You’re an Energy Star
For the past two years, the hottest way to start a new oil company in the U.S. has been asking investors to write a blank check. Just launch a publicly traded corporation called a special purpose acquisition company—or SPAC—which has no other business than to raise money and then find another venture to acquire or merge with.
January 08, 2019
Acamar Partners Acquisition, Dufry Chairman's SPAC, files for a $300 million IPO
Acamar Partners Acquisition, a blank check company led by the Executive Chairman of travel retailer Dufry, filed on Tuesday with the SEC for an initial public offering.
January 04, 2019
Federal Street Acquisition Corp., Thomas H. Lee Partners, L.P. and Agiliti Health, Inc. CompleteBusiness Combination
Federal Street Acquisition Corp. FSACU, +0.00% FSAC, -0.10% FSACW, -1.28% (“FSAC”), a special-purpose acquisition company sponsored by an affiliate of Thomas H. Lee Partners,L.P. (“THL”), and Agiliti Holdco,Inc., the holding company of Agiliti Health,Inc. (“Agiliti Health”), a leading, nationwide provider of healthcare technology management and service solutions and a portfolio company of Irving Place Capital Management, L.P., announced today that they have completed their business combination.
December 27, 2018
Stellar Acquisition III, Inc. Announces Consummation of Business Combination with Phunware, Inc. and Related Financing
Stellar Acquisition III, Inc. (“Stellar” and, together with the Successor (as defined below), “Phunware”)) (NASDAQ: STLR) announced today that on December 26, 2018 it consummated its business combination with Phunware, Inc. (“Opco”) and related transactions, as contemplated by the Agreement and Plan of Merger, dated as of February 27, 2018 (as amended, the “Merger Agreement”) by and among Stellar, STLR Merger Subsidiary Inc., a Delaware corporation and a wholly-owned subsidiary of Stellar, and Opco, which was approved by Stellar’s stockholders at a meeting on December 21, 2018.
December 20, 2018
Esports Has New Publicly Traded Company Putting on a Poker Face
The rapidly expanding world of esports has a new publicly traded company, one that’s hoping to learn from the business model of another online gaming predecessor: poker. Black Ridge Acquisition Corp. has agreed to purchase Allied Esports International Inc., an esports entertainment company, and WPT Enterprises, the creator of the World Poker Tour, from Ourgame International Holdings Ltd. for about $150 million.
December 19, 2018
Draper Oakwood Technology Acquisition, Inc. Announces Consummation of Business Combination with Reebonz Limited
Draper Oakwood Technology Acquisition, Inc. (“DOTA”) (NASDAQ: “DOTA,” “DOTAU,” “DOTAR” and “DOTAW”) announced that, at its Special Meeting of Stockholders held today, DOTA stockholders approved the proposed business combination with Reebonz Limited (“Reebonz”), a leading online luxury marketplace and platform in the Asia Pacific region based in Singapore, and related matters.
December 13, 2018
Schultze Special Purpose Acquisition prices IPO at $10
Schultze Special Purpose Acquisition, a blank check company formed by distressed debt investor George Schultze, priced its IPO at $10 on Tuesday.
December 12, 2018
CF Finance Acquisition Corp. Announces Pricing of $250 Million Initial Public Offering
CF Finance Acquisition Corp. (Nasdaq: CFFAU, the "Company") announced today that it priced its initial public offering of 25,000,000 units at $10.00 per unit. EG&S acted as counsel to CF Finance.
December 11, 2018
The Gores Group's fourth blank check company Gores Metropoulos files for $375 million IPO
Gores Metropoulos, a blank check company formed by The Gores Group, announced terms for its IPO on Tuesday. The Beverly Hills, CA-based company plans to raise $375 million by offering 37.5 million units at a price of $10.
December 06, 2018
Industrea Acquisition Corp. and Concrete Pumping Holdings Complete Business Combination
Industrea Acquisition Corp. (Nasdaq: INDUU, INDU, INDUW) ("Industrea") today announced the closing of its previously announced business combination with Concrete Pumping Holdings, Inc. (“CPHI”). Ellenoff Grossman & Schole LLP acted as legal counsel to B. Riley FBR.
December 05, 2018
2 Firms Lead Nov. IPO Action Fueled By Blank Check Cos.
Two firms leaped ahead of peers based on proceeds from initial public offerings they steered in November, bolstered by blank check companies that generated the largest IPOs in an otherwise quiet month for deals. Ellenoff Grossman & Schole LLP and Skadden Arps Slate Meagher & Flom LLP guided two blank check IPOs each, representing either the issuing company or their underwriters. Both firms' work spanned a total of threeblank check companies that raised $765 million combined, dwarfing the mostly small offerings completed in November by actual operating companies.
December 04, 2018
China Minsheng Financial to raise $1b blank check fund to invest in SPACs: Report
Hong Kong-listed investment holding company China Minsheng Financial Holding Corporation Ltd is looking to raise a $1-billion fund to invest in special-purpose acquisition companies (SPAC), according to a report by the Financial Times.
November 29, 2018
AMCI Acquisition Corp. Announces Closing of Underwriters’ Over-Allotment Option in Connection with its Initial Public Offering
AMCI Acquisition Corp. (the "Company") announced today that it closed the issuance of an additional 2,052,077 units pursuant to the exercise of the underwriters' over-allotment option in connection with its initial public offering at $10.00 per unit, resulting in gross proceeds of $20,520,770 and bringing the total gross proceeds of the initial public offering to $220,520,770.
November 27, 2018
Sagicor Financial Corporation Limited Enters into Arrangement Agreement with Alignvest Acquisition II Corporation and Agreement for Strategic Acquisition
Sagicor Financial Corporation Limited ("Sagicor"), which is listed on the Barbados, Trinidad & Tobago and London Stock Exchanges, announced today that it has entered into a definitive arrangement agreement ("Arrangement Agreement") with Alignvest Acquisition II Corporation ("Alignvest", TSX:AQY.A, AQY.WT) pursuant to which Alignvest will acquire all the shares of Sagicor by way of a scheme of arrangement under the laws of Bermuda, where Sagicor is incorporated, at a price of US$1.75...
November 26, 2018
I-AM Capital Acquisition Company Announces Closing of Transaction with SMAAASH Entertainment, a fast-growing global virtual reality gaming and sports entertainment company
Smaaash Entertainment Inc. (f/k/a I-AM Capital Acquisition Company) (NASDAQ:IAM) (the "Company"), today announced that it has successfully consummated its previously announced transaction with SMAAASH Entertainment Private Limited ("SMAAASH"), a global virtual reality gaming and sports entertainment company. As part of the transaction, the Company changed its name to "SMAAASH Entertainment Inc."