Posts
December 13 2019
TMT-focused SPAC CIIG Merger prices $225 million IPO at $10
CIIG Merger, a blank check company formed by industry veterans to acquire a technology, media, or telecom company, raised $225 million by offering 22.5 million units at $10 to command a market value of $281 million. Each unit consists of one share of common stock and one-half of one warrant exercisable at $11.50.
www.nasdaq.com
December 13 2019
GS Acquisition Holdings’ Merger with Vertiv Holdings
Goldman Sachs & Co. LLC acted as lead placement agent and exclusive financial advisor to GSAH. J.P. Morgan Securities LLC acted as financial advisor to Vertiv. Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to GSAH. Morgan, Lewis & Bockius, LLP and Gibson, Dunn & Crutcher LLP acted as joint legal advisors to Platinum Equity and Vertiv.
www.globallegalchronicle.com
December 12 2019
EdtechX Holdings (NASDAQ:EDTX) Announces Merger Agreement With Meten Education (China)
EdtechX Holdings (“EdtechX”) (Nasdaq: EDTX), a special purpose acquisition company (“SPAC”) seeking to acquire a target in the education services and education technology industry, announced today that it has entered into a definitive merger agreement with Meten Education (China) (“Meten”). Meten and its digital platform Likeshuo are a market leader in English Learning Training (“ELT”) in China.
www.globenewswire.com
December 12 2019
B. Riley Principal Merger Corp. and Alta Equipment Holdings Inc. Announce Business Combination
B. Riley Principal Merger Corp. (NYSE: BRPM, BRPM WS, BRPM.U) (“BRPM”), a special purpose acquisition company (“SPAC”) sponsored by an affiliate of B. Riley Financial, Inc. (Nasdaq: RILY) (“B. Riley Financial”), and Alta Equipment Holdings Inc. (“Alta”), a leading provider of premium industrial and construction equipment and related services, announced today that they have entered into a definitive merger agreement for a business combination transaction to create a leading publicly-traded equipment dealership platform with an anticipated pro forma enterprise value of approximately $550 million.
www.prnewswire.com
December 06 2019
Surge in SPAC Listings Offers Big Business to Select Law Firms
A handful of legal advisers is dominating the market for initial public offerings of special purpose acquisition companies, a booming subset of equity offerings that’s nearing an all-time high. Ellenoff Grossman & Schole LLP currently leads the pack, while larger firms such as Kirkland & Ellis LLP, Skadden Arps Slate Meagher & Flom LLP, and Ropes & Gray LLP are also cashing in on strong demand for legal guidance on SPACs, as they’re called.
www.bloomberglaw.com
December 05 2019
The Gores Group’s fourth SPAC Gores Holdings IV files for a $400 million IPO
Gores Holdings IV, the fourth blank check company formed by The Gores Group, filed on Thursday with the SEC to raise up to $400 million in an initial public offering.
www.nasdaq.com
December 03 2019
Cyber Security 1 AB: Business combination with a Special Purpose Acquisition Company
CYBER1 to explore achieving its US listing ambitions through a business combination with a Special Purpose Acquisition Company. Cyber Security 1 AB (publ) (“CYBER1”), (Nasdaq:CYB1,OTCQX:CYBNY), a leading supplier of cyber security solutions with operations in Europe, Africa and the Middle East, announces today its intention to seek collaboration with a Special Purpose Acquisition Company (“SPAC”), as an effective means of achieving access to the US capital markets.
www.yahoo.finance.com
December 03 2019
1 Firm Led Pack In November Dominated By Blank Check IPOs
Aided by a strong flow of initial public offerings by blank check companies, Ellenoff Grossman & Schole LLP edged ahead of its peers in November IPO activity during an otherwise quiet month that saw few operating companies go public.
www.law360.com