Conyers Park, now known as Advantage Solutions Inc., in an 8-K filing disclosed that shareholders redeemed $323.1M in stock following the closing last week of the business combination. Holders of 32,114,818 shares of Conyers Park’s common stock sold in its IPO exercised their right to redeem the shares for a full pro rata portion of the trust account, calculated as of two business days prior to the consummation of the business combination on Oct. 28. At closing, the company also completed a PIPE Investment and issued stock for proceeds of $855.4M. Read more.
Related Posts
Aesther Healthcare Acquisition Inks $50M Common Stock Purchase Agreement
Aesther in May entered into a merger agreement with United Gear & Assembly, a manufacturer of high precision gears for electric vehicles and other developing industries.
Capitalworks Emerging Markets Wants to Put Another Year on the Clock
Capitalworks has a merger agreement with reinsurance and digital insurance provider Lexasure Financial Group, announced last March at a pre-money equity value of $250 million.
Kismet Three Prices $250M IPO
The SPAC said it will focus on companies in the internet and technology sectors operating in Europe and Russia as well as businesses established by founders with Russian origins that operate in those regions or other countries.
Lottery.com Merging With Trident Acquisitions
The combined company is expected to have more than $45 million in cash at closing, assuming no redemptions by the SPAC's stockholders.