Special-purpose acquisition company

Pensare Acquisition Corp. Announces Intent to Close Initial Business Combination with Stratos Management Systems, Inc. on or about April 6, 2020

Friday, April 3, 2020 - 2:15pm

The Business Combination was approved by the Companys stockholders at the special meeting of stockholders held on February 27, 2020.

Key Points: 
  • The Business Combination was approved by the Companys stockholders at the special meeting of stockholders held on February 27, 2020.
  • Pensare Acquisition Corp.is a special purpose acquisition company that went public on Nasdaq inJuly 2017and was formed for the purpose of effecting a merger, acquisition or similar business combination in the telecommunications, media, and technology (TMT) industries.
  • Pensare is led by ChairmanLarry Mock, Chief Executive OfficerDarrell J. Mays, PresidentRobert Willis, and Chief Strategy OfficerDavid Panton.
  • Pensares securities are quoted on theNasdaq stock exchangeunder the ticker symbols WRLS, WRLSW, WRLSR and WRLSU.

8i Enterprises Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination

Friday, March 27, 2020 - 8:15pm

The purpose of the extension is to provide time for JFK to complete its initial business combination.

Key Points: 
  • The purpose of the extension is to provide time for JFK to complete its initial business combination.
  • About 8i Enterprises Acquisition Corp.
    JFK is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities.
  • This press release contains statements that constitute forward-looking statements, including the funding of the Trust Account to extend the period of time for JFK to consummate a business combination.
  • JFK undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Gordon Pointe Acquisition Corp. Announces Shareholders May Participate Telephonically in Special Meeting on Vote to Extend Deadline to Complete Business Combination to be Held on March 30, 2020

Thursday, March 26, 2020 - 9:25pm

As previously disclosed, on September 16, 2019, GPAQ entered into a definitive merger agreement with HOF Village, LLC for a proposed business combination.

Key Points: 
  • As previously disclosed, on September 16, 2019, GPAQ entered into a definitive merger agreement with HOF Village, LLC for a proposed business combination.
  • As described in the proxy statement/prospectus for the Special Meeting previously distributed, GPAQ has proposed to extend the time to complete its proposed business combination for an additional 45 days from March 30, 2020 to May 14, 2020.
  • Instructions as to how to vote at the Special Meeting will be provided on the conference call.
  • About Gordon Pointe Acquisition Corp.
    GPAQ is a special purpose acquisition company formed by Mr.James Dolan.

8i Enterprises Acquisition Corp. Announces Result of a Special Meeting of Shareholders

Friday, March 20, 2020 - 8:30pm

NEW YORK, March 20, 2020 (GLOBE NEWSWIRE) -- 8i Enterprises Acquisition Corp. (NASDAQ: JFK, JFK or 8i) (the Company), a special purpose acquisition company, today announced the result of a special meeting of its shareholders (the Special Meeting) which took place today at 10:00 a.m. Eastern Time.

Key Points: 
  • NEW YORK, March 20, 2020 (GLOBE NEWSWIRE) -- 8i Enterprises Acquisition Corp. (NASDAQ: JFK, JFK or 8i) (the Company), a special purpose acquisition company, today announced the result of a special meeting of its shareholders (the Special Meeting) which took place today at 10:00 a.m. Eastern Time.
  • At the Special Meeting, the majority of the shareholders voted in favor of a proposal to adjourn the meeting to June 15, 2020.
  • About 8i Enterprises Acquisition Corp.
    8i Enterprises Acquisition Corp. is a British Virgin Islands company incorporated as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities.
  • For inquiries regarding 8i Enterprises Acquisition Corp.:

Proficient Alpha Acquisition Corp. and Lion Financial Group Limited Announce Execution of Definitive Business Combination Agreement

Wednesday, March 11, 2020 - 1:30am

NEW YORK, NY, March 10, 2020 (GLOBE NEWSWIRE) -- Proficient Alpha Acquisition Corp., a Nevada corporation (Proficient) (NASDAQ:PAAC) and special purpose acquisition company formed for the purpose of entering into a business combination, and Lion Financial Group Limited, a British Virgin Islands corporation (Lion) and Hong Kong-based diversified financial services company, announced today they have entered into a definitive business combination agreement (the BCA) for a transaction valued at approximately $125 million.

Key Points: 
  • NEW YORK, NY, March 10, 2020 (GLOBE NEWSWIRE) -- Proficient Alpha Acquisition Corp., a Nevada corporation (Proficient) (NASDAQ:PAAC) and special purpose acquisition company formed for the purpose of entering into a business combination, and Lion Financial Group Limited, a British Virgin Islands corporation (Lion) and Hong Kong-based diversified financial services company, announced today they have entered into a definitive business combination agreement (the BCA) for a transaction valued at approximately $125 million.
  • Stephen Sze, Proficients CEO said Its my great pleasure to announce today that Proficient and Lion Financial Group will merge to create a premier financial services provider.
  • Following the Transaction, each of Proficient and Lion will become a wholly-owned subsidiary of Pubco.
  • About Proficient Alpha Acquisition Corp.
    Proficient Alpha Acquisition Corp. is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities.

Flying Eagle Acquisition Corp., Led by Harry Sloan and Founding Investor Jeff Sagansky, Announces Completion of $690 Million IPO

Tuesday, March 10, 2020 - 8:36pm

Flying Eagle Acquisition Corp. is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Key Points: 
  • Flying Eagle Acquisition Corp. is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
  • The Companys efforts to identify a prospective initial business combination target will not be limited to a particular industry, sector or geographic region.
  • The Companys sponsor is Eagle Equity Partners II, LLC, of which Harry Sloan, Jeff Sagansky and Eli Baker are Managing Members.
  • Harry E. Sloan, who co-led five prior public acquisition vehicles with Mr. Sagansky, is the Chief Executive Officer and Chairman of the Company.

LifeSci Acquisition Corp. Announces Pricing of $60 Million Initial Public Offering

Friday, March 6, 2020 - 2:28am

NEW YORK, March 05, 2020 (GLOBE NEWSWIRE) -- LifeSci Acquisition Corp. (NASDAQ: LSACU), a blank check company targeting the biopharma, medical technology, digital health and healthcare services sectors, announced today that it priced its initial public offering of 6,000,000 units at $10.00 per unit.

Key Points: 
  • NEW YORK, March 05, 2020 (GLOBE NEWSWIRE) -- LifeSci Acquisition Corp. (NASDAQ: LSACU), a blank check company targeting the biopharma, medical technology, digital health and healthcare services sectors, announced today that it priced its initial public offering of 6,000,000 units at $10.00 per unit.
  • The units will begin trading on March 6, 2020, on the NASDAQ Capital Market (NASDAQ) under the symbol LSACU.
  • The offering is expected to close on or about March 10, 2020, subject to customary closing conditions.
  • Such forward-looking statements, including the successful consummation of the LifeSci Acquisition Corp.s initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements.

Flying Eagle Acquisition Corp., Led by Harry Sloan and Founding Investor Jeff Sagansky, Announces Pricing of Upsized $600 million IPO

Friday, March 6, 2020 - 12:10am

Flying Eagle Acquisition Corp. (the Company), the sixth public acquisition vehicle led by Harry Sloan and founding investor Jeff Sagansky, today announced the pricing of its initial public offering of 60,000,000 units, upsized from 50,000,000 units, at a price of $10.00 per unit.

Key Points: 
  • Flying Eagle Acquisition Corp. (the Company), the sixth public acquisition vehicle led by Harry Sloan and founding investor Jeff Sagansky, today announced the pricing of its initial public offering of 60,000,000 units, upsized from 50,000,000 units, at a price of $10.00 per unit.
  • Flying Eagle Acquisition Corp. is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
  • The Companys sponsor is Eagle Equity Partners II, LLC, of which Harry Sloan, Jeff Sagansky and Eli Baker are Managing Members.
  • Harry E. Sloan, who co-led five prior public acquisition vehicles with Mr. Sagansky, is the Chief Executive Officer and Chairman of the Company.

Grid Dynamics Goes Public through Business Combination with ChaSerg Technology Acquisition Corp.

Friday, March 6, 2020 - 12:00am

Grid Dynamics Holdings, Inc. (Grid Dynamics), a leader in enterprise-level digital transformation, together with ChaSerg Technology Acquisition Corp. (Nasdaq: CTAC) (ChaSerg), a special purpose acquisition company, today announced that they have completed their previously announced business combination.

Key Points: 
  • Grid Dynamics Holdings, Inc. (Grid Dynamics), a leader in enterprise-level digital transformation, together with ChaSerg Technology Acquisition Corp. (Nasdaq: CTAC) (ChaSerg), a special purpose acquisition company, today announced that they have completed their previously announced business combination.
  • The business combination was approved at a special meeting of stockholders of ChaSerg on March 4, 2020, and closed on March 5, 2020.
  • Mr. Lloyd Carney stated, We are thrilled to complete the business combination with Grid Dynamics and excited to work with Leonard and the entire Grid Dynamics team, as they continue to build on their success as a public company.
  • Grid Dynamics and ChaSerg caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made.

Gateway Ranked Top-Performing IR Advisor for SPACs

Wednesday, March 4, 2020 - 4:00pm

The study also analyzed all SPAC IPOs during this period with and without an external IR advisor.

Key Points: 
  • The study also analyzed all SPAC IPOs during this period with and without an external IR advisor.
  • The results show SPACs with an external firm have clearly performed better, trading at an average price of $9.01 versus $6.10 without external help.
  • While SPAC Researchs study analyzed only U.S.-listed issuers, over the past two years, Gateway has represented nine SPACs in both the U.S. and Canada.
  • Understanding the various nuances of SPACs and advising our clients on best practices is another important component to our success.