SPACInsider Logo
Updates: Proficient Alpha, One Madison, & Memorial Day
by Kristi Marvin on 2019-05-23 at 4:25pm

Ahead of Memorial Day Weekend….

The Memorial Day weekend slow down has already begun and tomorrow should extremely quiet, if not dead.  However, a few items of note before everyone fires up the grill and starts working on their tans…

Proficient Alpha Acquisition Corp. (PAACU)

Proficient Alpha Acquisition Corp., which was originally supposed to price their IPO on Monday, May 20th, is now anticipated to price on Tuesday, May 28th, for trading on Wednesday, May 29th.  There was a possibility this SPAC would try to price tonight, but given that there probably won’t be many people around tomorrow, next week is really the better option.  The rumored reasons for the delay have varied between waiting on the SEC to waiting on wires for the at-risk capital, but regardless of the reason, next week feels more appropriate.

One Madison Corp. (OMAD)

On Tuesday, May 28th, we also have One Madison’s shareholder vote to complete their combination with Ranpak Corporation.  OMAD recently arranged an additional $20 million PIPE and amended the Sponsor and Anchor Investor earn-out, which you can read about HERE.  We’ll update once vote results are released.

Other than those two items, there’s nothing else “scheduled” for next week.  However, whenever it’s quiet or you think it’s going to be quiet, that’s usually when we get some surprise SPAC IPO filings. My money is on at least one that gets filed tomorrow, but that’s an easy bet.  The bankers just want to make sure everyone has something to read this weekend on the beach…

 

 

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