Helikos S.E. fell short of its targeted proceeds to raise €200 million ($272.4 million) in its initial public offering yesterday on the Frankfurt Stock Exchange. Full Story
Source: Press Release, Press Release
The London-based hedge fund Arrowgrass Capital Partners purchased a 9.4% stake in Atlas Acquisition Corp., according an ownership filing from yesterday.
Full Story
Filing: 13D
CS China Acquisition Corp. said today that it completed its acquisition of Asia Gaming & Resort, which owns two high-end gaming facilities in Macau, China.
Full Story
Source: Press Release
Shareholders voted down Overture Acqusition Corp.'s acquisition of JNL Bermuda, a subsidiary of Texas-based Jefferson National Life Insurance Co. today.
The SPAC will begin making plans to liquidate.
Source: Press Release
BBV Vietnam S.E.A.
Source: Press Release
Certain unnamed shareholders of Service1st Bank of Nevada agreed to vote all of their stock in favor of the bank's merger with Western Liberty Bancorp, formerly Global Consumer Acquisition Corp.
Filing: 8-K
ARMOUR Residential REIT, formerly the SPAC Enterprise Acquisition Corp., said this week that its securities will be delisted from the NYSE Amex Stock Exchange for not meeting minimum market cap and shareholder requirements. Full Story
Source: Press Release
Shareholders of BPW Acquisition Corp. will vote on Feb. 24 to approve the SPAC's recapitalization of women's retailer The Talbots.
Full Story
Filing: DEFM14A
AutoChina International, which merged with Spring Creek Acquisition Corp. in April, said last week that it has redeemed the last of its outstanding warrants, bringing in a total of $20.4 million. Full Story
Overture Acquisition Corp. postponed its shareholder vote today after arranging forward contracts with certain stockholders holding 5 million shares and striking a deal with hedge fund Victory Park Capital Advisors to purchase up to 2 million shares. Full Story
Source: Press Release
Insiders Expect Revival after 2009 SPAC Drought
At the end of 2008, the smell of stagnation was in the air, so it came as no surprise to participants in the SPAC market that 2009 started off with a giant whimper.
The change was abrupt – just a few months earlier IPOs topping $500 million in size had become common – and endured all year long. Full Story
The U.S. SPAC market may be thinning out, but the Korean market for blank check vehicles is just starting to build momentum.
There are currently five Korean brokerage houses prepping SPAC offerings since the country's financial regulators approved listing the asset class, according to several people working on the offerings. Full Story
The announcement of a $491 million recapitalization of women's apparel company The Talbots Inc. by SPAC BPW Acquisition Corp. sent stock in both companies on the rise, signaling the likelihood that the deal will be completed next month. Full Story
- SEC to Exempt SPACs from 10b-18 Safe Harbor
- New European SPACs Planning €550M in Offerings
- New 'SPAC-light' Structure to List on LSE
- 57th Street Stalls in Registration
- Victory Park to Buy Overture Stock
- Hambrecht Asia, BBV Running Out of Time
- Atlas Merger Uncertain as Vote Approaches
- AutoChina Raises $20M from Warrant Redemption
- Navios Maritime Appoints New VP
- Peter Guy Joins Ellenoff Law Firm
- SPAC Tracker
- SPAC IPOs in Registration



