News & Events - SPACs

  • 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.

    www.prnewswire.com

  • 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.

    www.nasdaq.com

  • 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.

    www.prnewswire.com

  • 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.

    www.reuters.com

  • 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.

    www.variety.com

  • 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.

    www.prnewswire.com

  • 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.

    www.prnewswire.com

  • 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.

    www.nasdaq.com

  • 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.

    www.cnbc.com

  • 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.

    www.bizjournals.com

  • 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.

    www.finalternatives.com

  • 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. 

    www.prnewswire.com

  • 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". 

    www.businessinsider.com

  • 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.

    www.nasdaq.com

  • 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.

    www.bloomberg.com

  • 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.

    www.businesswire.com

  • 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.

    www.pehub.com

  • 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.

    www.nasdaq.com

  • September 27, 2017

    Blank check company Mosaic Acquisition sets terms for $300 million IPO

    Mosaic Acquisition, a blank check company formed by Fortress and the Executive Chairman of Spectrum Brands, filed on Wednesday with the SEC to raise up to $300 million in an initial public offering.

    www.nasdaq.com

  • September 20, 2017

    Draper Oakwood Technology Acquisition, Inc. Completes $50,000,000 Initial Public Offering

    Draper Oakwood Technology Acquisition, Inc. (Nasdaq: DOTAU) ("Draper Oakwood" 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 5,000,000...

    www.businesswire.com

  • 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