Replies to post #493 on Special Purpose Acquisition Co (SPAC)

[EdF]

I wish I was back at the beach. Up in the DC area now.

[EdF]

This was is expected to close shortly: NEBU - SPAC expects to close the business combination with Open Lending on or about June 10, 2020. Warrants had a decent spike into the $2s when first announced.
https://www.globenewswire.com/news-release/2020/06/01/2041363/0/en/Open-Lending-Announces-May-Cert-Metrics-and-Announces-June-9-2020-as-Special-Meeting-Date-to-Approve-Business-Combination-with-Nebula.html

SAN FRANCISCO and AUSTIN, Texas, May 18, 2020 (GLOBE NEWSWIRE) -- Open Lending, LLC (“Open Lending”), a leading provider of lending enablement and risk analytics solutions to financial institutions, and Nebula Acquisition Corporation (NASDAQ: NEBU) ("Nebula"), a special purpose acquisition company sponsored by True Wind Capital, L.P. (“True Wind Capital”), today announced that they have agreed to a revised business combination agreement reflecting an updated transaction enterprise value of $1,080 million from the previously agreed upon value of $1,330 million announced on January 6, 2020. This 19% decrease in value reflects a reduction in the aggregate consideration to be paid to Open Lending’s selling equity-holders’ due to the impact of COVID-19 on the economy and the public markets, and represents a 7.4x multiple based upon the midpoint of the projected 2021 EBITDA range for Open Lending.
https://www.globenewswire.com/news-release/2020/05/18/2034846/0/en/Open-Lending-and-Nebula-Acquisition-Corporation-Announce-Revised-Business-Combination-Agreement.html