SPACInsider Logo
Black Ridge Acquisition Corp. (BRAC) Releases Extension Vote Info
by Kristi Marvin on 2019-07-09 at 5:12pm

This afternoon, Black Ridge Acquisition Corp. (BRAC), released the details of their shareholder vote to approve their new extension deadline from July 10th to August 10th.

Per the 8-K, 9,246,727 shares of the Company’s common stock elected to redeem at a per-share price of $10.29. As a result, $95,148,821 was removed from trust, leaving ~$46.9 million with 4,553,273 shares outstanding.

Additionally, BRAC previously agreed to contribute $30,000 to the trust account for shares not converted in the extension vote.  However, given that there are still 4.6 million public shares outstanding, the contribution will only be $0.00658867, a fraction of a penny.  The good news is, investors who opted not to redeem will only have to wait 13 more days until Black Ridge and Allied Esports have their shareholder vote to combine.  That vote is currently scheduled for July 22, 2019.

You can read the results HERE and a summary of the vote is provided below:



Recent Posts
by Marlena Haddad on 2023-02-03 at 5:50pm

Forest Road II (NYSE:FRXB) and 10X Capital Venture III (NYSE:VCXB) both announced this afternoon that they have mutually terminated their business combinations. Forest Road II intended to combine with transportation technology developer HyperloopTT, but the parties decided to nix the deal due to timing constraints along with unfavorable market conditions. Tom Staggs and Kevin Mayer, Co-CEOs and...

by Marlena Haddad on 2023-02-03 at 5:30pm

Intelligent Medicine Acquisition Corp. (NASDAQ:IQMD) and AMCI Acquisition Corp. II (Nasdaq: AMCI) announced this afternoon that they have adjourned their special meetings with shareholders. Intelligent Medicine originally scheduled its meeting to be held today, but is now postponing its vote until Wednesday, February 8. Stockholders may elect to redeem their shares by no later than...

by Marlena Haddad on 2023-02-03 at 11:41am

  Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC News: Comcast dumps 18.5% of its BuzzFeed stock Comcast Dumps 6 Million Shares of Buzzfeed After Media Company Finally Gets a Bump Comcast dumped 18.5% of its BuzzFeed (NASDAQ:BZFD) stock in recent days, reducing its...

by Nicholas Alan Clayton on 2023-02-03 at 11:37am

Viveon Health (NYSE:VHAQ) announced this morning that it is unilaterally terminating its combination with Suneva Medical “based upon material breaches” of the merger agreement. The SPAC did not elaborate further on its claims against Suneva, but noted it will continue on and seek a new business combination. Just last week, Viveon Health was working to...

by Nicholas Alan Clayton on 2023-02-03 at 9:49am

FAST II (NYSE:FZT) announced this morning that it has amended its combination with resort operator Falcon’s Beyond, shifting more value from both sides into earn-outs. The deal’s $1 billion enterprise value technically remains, but Falcon’s Beyond shareholders will receive less equity at close. The valuation is now made up of a $620 million enterprise value...

Privacy Policy|Terms Of Use
Copyright © 2023 SPACInsider, Inc. All Rights Reserved