M&A Update – July 29

– CBZ to be acquired by Grant Thornton Advisors for $55.00 cash per share, 17.8% premium, $5.0 billion
– AAUC / Zijin Gold deal terminated due to inability to attain China NDRC approval, Zijin Gold to make a strategic investment in Allied of approximately US$295 million at C$32.55 per share for 9.2% stake
– ORLA / EQX received court approval, closing July 31
– LEG / SGI cleared Competition Canada
– SKYT / IONQ received final regulatory approval, closing July 31
– ADW/a.to / FFH announced ISS recommends vote For
– D / NEE filed 424b3, votes Sept 3, closing H2 2027

SPAC Update – July 29

– DYNC / Bulldog Investors filed 13D advocating for a distribution of at least $2 per share from termination fee
– BCAR deal vote
– IPCX extension vote
– DAAQ redemption

M&A Update – July 28

– AVNS / American Industrial Partners deal closed
– LPRO / ANV Group Holdings tender successful
– AFBI / Fidelity BancShares filed delisting notice, closing Aug 1

SPAC Update – July 28

– CATLU $200 million IPO
– FVN stockholders approved MicroTouch deak, 3.8 million shares redeemed, 2.0 million shares remain
– RFAI filed 424b3 for Nanyang Biologics deal, vote Aug 19, NAV $11.08
– NOEM announced 5.9 million shares redeemed, 1.0 million shares remain
– KVAC stockholders approved deadline extension to July 27 2027, 936k shares redeemed, 105k shares remain
– RENEF redemption

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