Union Acquisition II announced today that its shareholders approved an extension of SPAC’s deadline to complete an initial business combination from April 22 to Oct. 22. The extension gives the SPAC additional time to complete a deal with Procaps Group, an integrated international healthcare and pharmaceutical company. Annunced march 31, the $300 million transaction includes a $100 million PIPE .
Related Posts
Viveon Health Acquisition 10-K Raises Question About Going Concern
In its annual report, under the first footnote (page F-9), Viveon states that current conditions "raise substantial doubt about the company’s ability to continue as a going concern for a period of time within one year after the date that the financial statements are issued."
Nasdaq Delists Alberton Acquisition
In an odd coincidence, as Alberton was being delisted, its one-time merger partner SolarMax filed an S-1 for its own IPO.
Metals Acquisition Adds $26M to PIPE on $1.1B Aussie Copper Mine Deal
The SPAC has beefed up the finances for the deal several times since it was announced in March 2022, most recently a $112 million addition to the PIPE disclosed last month.
TG Venture Postpones Vote on Flexi Group Deal
At deal announcement in December 2022, Flexi Group had a pro forma enterprise value of $205 million. The target is a workspace provider.