Periphas Capital Amends Prospectus on $300M IPO

Periphas Capital Partnering in the amended filing said it plans to offer 12,000,000 of what it calls CAPS (Capital which Aligns and Partners with a Sponsor) at $25 each. Although the SPAC does not identify a specific sector to target, the management team lists extensive experience in  technology-enabled businesses, business services, industrials and consumer industries. Read more.

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SPAC Target Reservoir Holdings Buying Music Label for $100M

Roth CH Acquisition II in an 8-K filing said that its merger partner Reservoir Holdings has agreed to purchase U.S. based record label and music publishing company Tommy Boy Music for $100 million. The Roth/Reservoir deal has an enterprise value of $788 million, the parties said in April. Existing Reservoir owners will roll 100 percent of their equity into the combined enterprise.