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.
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.
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...
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.