Two days after holding its shareholder vote, Pantheon China Acquisition Corp. announced it received the necessary approvals to complete its merger with China Cord Blood Services Corp. Full Story
Source: Press Release
Middle Kingdom Alliance Corp. shareholders voted Monday to approve its merger with Chinese cell phone distributor Pypo Digital Co. Fifteen percent of the voting shareholders chose to convert their shares to cash. Full Story
Source: Press Release
Alyst Acquisition Corp. shareholders approved its merger with the Chinese advertising company China Networks Media after the SPAC took away $10 million in cash from China Networks common shareholders. Full Story
Source: Press Release
After last minute negotiations and changes, China Discovery Acquisition Corp. announced earlier this week that it completed its merger with the Chinese instant noodle maker HeNan Smart Food Co. Full Story
Source: Press Release
Shareholders of Alternative Asset Management Acquisition Corp. will vote July 28 on its merger with asset disposal firm Great American Group.
Filing: 8-K
Shareholders of KBL Healthcare Acquisition Corp.
Filing: 425
SPACs have mutated into an unrealistic asset during the past six years as dollar volumes expanded and tangential players got involved in the market, according to panelists at The SPAC Conference 2009, hosted today by DealFlow Media in New York City.
Victory Park Capital and Yorkville Advisors entered into formal agreements with Pantheon China Acquisition Corp. on Tuesday to sell back the 79% stake the two funds collectively own in exchange for “yes” votes on its proposed merger with China Cord Blood Services Corp. Full Story
Filing: 8-K
China Discovery Acquisition Corp. reduced the upfront consideration today for Chinese instant noodle maker HeNan Smart Food Co. by $3 million in cash. Full Story
Source: Press Release
Alyst Acquisition Corp. announced yesterday that it withdrew a $10 million cash payment to China Networks Media’s common stockholders that was part of the upfront consideration in their merger. Full Story
Filings: 8-K, 8-K
A recent business combination announced by Capitol Acquisition Corp. is being hailed as an innovative use of a SPAC by market players and many expect the deal could signal a major shift in the market. Full Story
Modest-Sized Deals Drive Growth
Chinese companies looking to go public are again getting interest – both through traditional initial public offerings in the U.S. and offerings on local exchanges in their homeland – after a nearly year-long drought. Full Story
China Discovery Acquisition Corp. and Alyst Acquisition Corp. were scheduled to hold shareholder meetings yesterday after several postponements to position more affirmative votes for their respective business combinations. Full Story
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