There are three cannabis-focused SPACs in the Warrant Relative Value chart: Tuscan Holdings Corp. (THCBU), Silver Spike Acquisition Corp. (SSPKU) and Tuscan Holdings Corp. GS Acquisition Holdings Corp Announces Closing of Initial Public Offering and Exercise in Full of Underwriters’ Option to Purchase Additional Units | Business Wire. II (OTC:THCAU). Price target in 14 days: 2. Upon completion, it is expected that, assuming no redemptions by the public stockholders of GSAH, Charterhouse Capital, alongside its co-investors and Mirion management will hold approximately 19% of Mirion Technologies, Inc.
0x LTM estimated pro forma Adjusted EBITDA as of June 30, 2021. The announcement and consummation of the transaction described herein; (6) the ability to recognize the anticipated benefits of the proposed transaction, which may be affected by, among other things, competition, the ability of the combined. Company believes that no such separate class vote is required and that the claims and allegations in the August 3, 2021 letter are without merit, on September 3, 2021, pursuant to Section 13. If using Trine Acquisition Corp., Graf Industrial Corp. (GRAF), Spartan Energy Acquisition Corp. Price per share gs stock. (SPAQ) and DiamondPeak Holdings Corp. (DPHC) warrants as price reference for the deal announcement "pop", ACAMW could potentially have 2x-3x upside upon a deal news, while the downside could be 45 cents in a general market selloff, or zero in case of a liquidation for not completing the business combination. HCAC announced on August 18th that it would merge with electric vehicle company Canoo for a pro forma valuation of $1.
Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to GSAH. Vertiv Holdings LLC ("Vertiv"), a Platinum Equity portfolio company, and a global provider of critical digital infrastructure and continuity solutions, today announced it will become a publicly traded company through a merger with GS Acquisition Holdings Corp (NYSE: GSAH, GSAH. Relative to other SPACs with a trust account larger than $300 million, ACAMU warrant (ACAMW) is cheap by a wide margin (see table below). The new normal for SPAC warrants will most likely be 2x-3x return for solid names and well-received merge targets or investment themes assuming the investors sell the warrants at the deal announcement and do not take the fundamental risk of the target companies. 239 billion in private placement proceeds, will be used to pay $415 million cash consideration. This new return range seemed to be confirmed by the most recent deal announcements from Hennessy Capital Acquisition Corp. IV (HCAC) and Trine Acquisition Corp. What is the stock price of gsah.ws paper. (TRNE). Vertiv Holdings, LLC completed the acquisition of GS Acquisition Holdings Corp (NYSE:GSAH) from a group of sellers in a reverse merger transaction on February 7, 2020.
The price of SPAC warrants is driven primarily by three factors, i. e., management profile, size of the trust account and the targeted industry. The near-term catalyst for these SPACs to shine is the Presidential Election in November, as the newly elected President will have to address the budget shortfall. In addition to the approximately $705 million of cash held in GSAH's trust account, additional investors (including affiliates of Mr. Cote and affiliates of The Goldman Sachs Group, Inc. ) have committed to participate in the transaction through a $1. Notes: Trust account amount is as of June 30, 2020. Goldman Sachs & Co. LLC served as the sole book-running manager for the offering, and Deutsche Bank Securities served as co-manager. The company seeks to list the units in the NYSE under the symbol GSAH. Several of SPACs in this coverage universe made official deal announcements during the course of August, which further reduced the number of pre-deal SPACs on the relative value chart and left even fewer investment opportunities. GS Acquisition Holdings Corp II Announces Pricing of $700,000,000 Initial Public Offering | Business Wire. The company generated nearly $4. 1 to the Business Combination Agreement (the Amendment). We also look forward to working with Dave, Rob and the Vertiv management team to accelerate Vertiv's product and service leadership in the industry. As a group, they have consistently traded at a very low price range, primarily due to the regulatory and legalization overhang. Read Vertiv's full press release.
The company's portfolio of radiation monitoring, detection, measurement and sensing systems along with dosimetry and radiation therapy quality assurance solutions, generated approximately $650 million1 in pro forma Adjusted Revenue in FY2020 (FYE June 30). Source: Bloomberg and company filings). I could not be more excited at the opportunity to partner with Tom and his team to support their continued growth, " said Mr. Kingsley. Approval of the Class A Vote Proposal is. I wrote this article myself, and it expresses my own opinions. "Mirion is the kind of company I am most familiar with and attracted to, with great positions in good industries, a global footprint, real technological differentiation, leading positions in attractive but still fragmented end-markets, high recurring revenue mix, limited macro-sensitivity, strong margins and free cash flows, strong organic and inorganic growth potential, and opportunities for sustained improvements over time. 2 LP (collectively, the Charterhouse. Jacob Kotzubei, Platinum Equity Partner will become a board member of the newly listed company. GS Acquisition Holdings Corp. II files for $700M IPO | S&P Global Market Intelligence. No assurance can be given that the net proceeds of the offering will be used as indicated. Disclosure: I am/we are long ACAMW, THCBW.
ACAMU's Chairman Juan Carlos Torres, CEO Luis Solorzano and COO Juan Duarte used to work together at the same private equity firm, Advent International, for 27, 19 and 17 years, respectively. For inquiries related to this message please contact our support team and provide the reference ID below. Morgan, Lewis & Bockius, LLP and Gibson, Dunn & Crutcher LLP acted as joint legal advisors to Platinum Equity and Vertiv. It is worth noting that ACAMU also has a very solid management team and Board, which is unfortunately overlooked by the market. GS DC Sponsor I LLC, officers and directors of GS Acquisition Holdings have agreed to vote in favor of the transaction. As previously announced, on June 17, 2021, GS Acquisition Holdings Corp II, a Delaware corporation (the Company or. What is the stock price of gsah.ws finance. Potential transaction; (2) satisfaction or waiver (if applicable) of the conditions to the potential transaction, including with respect to the approval of the stockholders of the Company; (3) the ability to maintain the listing of the. The transaction is expected to close in the first quarter of 2020. Davis Polk & Wardwell LLP acted as legal advisor to Mirion and Freshfields Bruckhaus Deringer LLP acted as legal advisor to Charterhouse. 2) Acamar Partners Acquisition Corp. "Platinum Equity, Rob Johnson and his team have done a tremendous job over the last several years positioning Vertiv for long-term success.
After the initial selloff in August, the prices of pre-deal SPAC warrants in general stabilized, with most of them trading below $1 per share. 1 hereto and the terms of which are incorporated herein by reference, and of the Agreement, a copy of which was filed as Exhibit 2.
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