March 20, 2018
TPG Pace Energy Holdings Announces $2.66 Billion Business Combination With EnerVest’s South Texas Division to Form Publicly Traded Magnolia Oil & Gas Corporation
TPG Pace Energy Holdings Corp. (“TPGE”) (NYSE: TPGE, TPGE.U, TPGE.WS), an energy-focused special purpose acquisition entity led by former Occidental Petroleum Corporation CEO Steve Chazen, today announced it has entered into definitive agreements with certain funds managed by EnerVest, Ltd (“EnerVest”) to acquire the oil and gas assets within EnerVest’s South Texas Division for approximately $2.66 billion in cash and stock.
February 28, 2018
Stellar Acquisition III, Inc. Signs Definitive Agreement to Combine with Phunware, Inc. and Enter the Mobile Cloud Software and Blockchain Sectors
Stellar Acquisition III, Inc. (“Stellar”) (NASDAQ:STLR) announced today that it has entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”) to combine with Phunware, Inc. (“Phunware”). The transaction values Phunware at an enterprise value of $301 million, on a cash-free, debt-free basis, with the transaction consideration to be paid in newly issued equity securities of Stellar. Ellenoff Grossman & Schole LLP is acting as counsel to Stellar.
February 28, 2018
Mudrick Capital Acquisition Corporation Announces Closing of Underwriters' Over-Allotment Option in Connection with its Initial Public Offering
Mudrick Capital Acquisition Corporation (the "Company") (NASDAQ: MUDSU) announced today the closing of the issuance of an additional 800,000 units pursuant to the underwriters' over-allotment option in connection with the Company's initial public offering. Ellenoff Grossman & Schole LLP acted as counsel to the Company.
February 23, 2018
ConvergeOne and Forum Merger Corporation Complete Business Combination
Forum Merger Corporation ("Forum"), and ConvergeOne, Inc., a leading global IT services provider of collaboration and technology solutions, today announced that they have completed their previously announced business combination. Ellenoff Grossman & Schole LLP served as legal counsel to Forum.
February 12, 2018
Mudrick Capital Acquisition Corporation Announces Closing of $200,000,000 Initial Public Offering
Mudrick Capital Acquisition Corporation (NASDAQ: MUDS.U) (the "Company") announced today that it closed its initial public offering of 20,000,000 units. The offering was priced at $10.00 per unit, resulting in gross proceeds of $200,000,000. Ellenoff Grossman & Schole LLP acted as counsel to the Company and Winston & Strawn LLP acted as counsel to the underwriters.
February 08, 2018
JM Global Holding Company Announces Closing of Its Business Combination With China Sunlong Environmental Technology Inc.
JM Global Holding Company (NASDAQ: WYIG; WYIGU; WYIGW) (“JM Global” or the “Company”) today announced that it has closed its business combination with China Sunlong Environmental Technology Inc. (“Sunlong”), a Cayman Islands corporation conducting its business through its wholly-owned subsidiaries, Hubei Shengrong Environmental Protection Energy-Saving Science and Technology Co. Ltd. and Tianjin Commodity Exchange Co., Ltd., pursuant to which Sunlong became a wholly-owned subsidiary of JM Global.
February 02, 2018
Global Partner Acquisition Corp. And Purple Innovation, LLC Complete Business Combination
Global Partner Acquisition Corp. (NASDAQ: GPAC; GPACW; GPACU), a special purpose acquisition company ("GPAC" or the "Company"), and Purple Innovation, LLC ("Purple"), a comfort technology company known for creating the "World's First No Pressure™ Mattress," announced today that they have completed their business combination, pursuant to which Purple has become a wholly owned subsidiary of the Company.
January 31, 2018
MTech Acquisition Corp. Announces Pricing of $50 Million Initial Public Offering
MTech Acquisition Corp. (NASDAQ: MTECU, the "Company" or "MTech") announced today that it priced its initial public offering of 5,000,000 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 "MTECU" beginning January 30, 2018.
January 30, 2018
Gordon Pointe Acquisition Corp. Completes $125 Million Initial Public Offering
Gordon Pointe Acquisition Corp. (the "Company") announced today the closing of its initial public offering of 12,500,000 units. The offering was priced at $10.00 per unit, resulting in gross proceeds of $125,000,000, before deducting underwriting discounts and commissions and other offering expenses payable by the Company.
January 26, 2018
Former Italian minister raises 600 mln euros in bank acquisition project-source
Veteran Italian banker and former Industry Minister Corrado Passera has raised 600 million euros ($746 million) from investors with the aim of acquiring a small bank, a source with knowledge of the matter said.
January 17, 2018
Jeff Sagansky, Harry Sloan Partner on New Acquisition Company With $325 Million IPO (EXCLUSIVE)
Veteran Hollywood executives Jeff Sagansky and Harry Sloan are launching Platinum Eagle Acquisition Corp. with a $325 million initial public offering.
January 16, 2018
Nebula Acquisition Corporation, Sponsored by True Wind Capital, Announces Closing of Initial Public Offering
Nebula Acquisition Corporation (NASDAQ: NEBU.U) (the "Company") announced today that on January 12, 2018 it closed its initial public offering of 27,500,000 units, including 2,500,000 units issued pursuant to the partial exercise by the underwriters of their over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $275,000,000.
December 01, 2017
ConvergeOne Announces Combination with Forum Merger Corporation to Become Publicly Listed Company
ConvergeOne, a leading global IT services provider of collaboration and technology solutions, today announced that it has entered into a definitive agreement with Forum Merger Corporation, a special purpose acquisition company. Ellenoff Grossman & Schole LLP served as legal counsel to Forum.
November 15, 2017
Carlyle seeks to raise $1 bln for new energy fund
Carlyle Group, the world's largest private equity firm, is raising up to $1 billion for a new fund to invest in oil and gas outside the United States as a stronger outlook for oil prices rekindles investor appetite, banking sources said.
November 14, 2017
Investors thirsty for deals pump most money into quirky 'blank check' companies in a decade
Sign of the times: It is shaping up to be the hottest year in a decade to raise investor money for companies in the development stage with no specific business plan or purpose.
November 13, 2017
Houston-based blank-check co. to form oil field services company in $1B deal
National Energy Services Reunited Corp. (Nasdaq: NESR), a blank-check company led by a former Schlumberger executive, will combine with two other companies for a total purchase price of about $1.1 billion.
November 10, 2017
Ex-GLG, Vornado Execs Team Up For New $500M Real Estate SPAC
Noam Gottesman, co-founder of hedge fund manager GLG Partners, and former Vornado Realty Trust executive Michael Fascitelli have reportedly teamed up on a special-purpose acquisition vehicle (SPAC) aimed at making deals in the real estate and hospitality sectors.
November 06, 2017
Global Partner Acquisition Corp. And Purple Innovation, LLC Announce Filing Of Merger Proxy Statement And Updated Investor Presentation
Global Partner Acquisition Corp. ("GPAC") (NASDAQ: GPAC, GPACU, GPACW) announced on November 2, 2017 that it had entered into a definitive merger agreement to combine with Purple Innovation, LLC ("Purple"). Today, GPAC filed the merger proxy statement and updated investor presentation associated with the proposed business combination.
November 03, 2017
M III Acquisition Corp. and IEA Energy Services LLC Announce Signing of Merger Agreement for Business Combination
M III Acquisition Corp. (Nasdaq:MIII) (Nasdaq:MIIIU) (Nasdaq:MIIIW) ("MIII") today announced that it has entered into a definitive agreement and plan of merger with IEA Energy Services LLC, a leading engineering, procurement and construction ("EPC") company in the renewable energy sector. MIII will be renamed as "Infrastructure and Energy Alternatives, Inc." ("IEA") upon consummation of the merger and is expected to continue to be listed on the Nasdaq Capital Market under the symbol "IEA".
October 24, 2017
Blank check company Haymaker Acquisition prices $300 million IPO at $10
Haymaker Acquisition, a blank check company created by the former CEO of Starwood Hotels, raised $300 million by offering 30 million units at $10, or $345 million with the underwriter overallotment. Units consist of oneshare of stock and one-half of one warrant exercisable at $11.50.
October 23, 2017
Bloomberg published an article titled "2017 IPOs Are Larger and Faster" which analyzes the IPO market activity for the first three quarters of 2017. In the Diversified sector, Ellenoff Grossman & Schole led with 11 IPOs that raised a total of $2.10 billion, but Weil Gotshal & Manges participated in six IPOs that totaled $3.55 billion. Venable led the Financial sector with seven IPOs that raised a total of $2.76 billion. The Industrial sector was dominated by Latham & Watkins and Simpson Thacher & Bartlett, while the Technology sector was led by Wilson Sonsini Goodrich & Rosati.
Click here to read the full article.
October 11, 2017
Rockets Owner Fertitta Out Hunting for Another $1 Billion Deal
Fresh off his record-setting purchase of the NBA’s Houston Rockets, Tilman Fertitta is shopping for a billion-dollar deal. Landcadia Holdings Inc. began trading as a so-called blank-check company in May last year, based on Fertitta’s ability to make acquisitions.
October 10, 2017
KEW MEDIA GROUP Announces Acquisition Of TCB Media Rights
KEW MEDIA GROUP Inc. (“KEW MEDIA” or “KEW” or the “Company”) (TSX:KEW and KEW.WT) today announced the acquisition of London, England-based TCB Media Rights Ltd. (“TCB”), a leading full-service content distribution company. With a focus on non-scripted television sales, TCB has been one of the fastest-growing distributors in the market.
October 05, 2017
Black Ridge’s SPAC debuts IPO
Black Ridge Oil & Gas Inc‘s special purpose acquisition company Black Ridge Acquisition Corp has rolled out its IPO after pricing its 12 million shares at $10 per share. The stock began trading October 5, 2017 on the NASDAQ under the ticker symbol “BRAC.” EarlyBirdCapital Inc was the underwriter. Based in Minneapolis, Black Ridge focuses on acquiring, investing in and managing the oil and gas assets for their partners.
October 02, 2017
Blank check company Regalwood Global Energy files for a $300 million IPO
Regalwood Global Energy, a blank check company formed by Carlyle to acquire an energy business, filed on Monday with the SEC to raise up to $300 million in an initial public offering.