BLACK RIDGE ACQ. U = 1C + 1R + 1W
Completed Allied ESports AESE
Three $5 million dollar backstops a/o July 29.
December 19, 18. Black Ridge and Ourgame International Holdings announced they have entered into a definitive agreement whereby Black Ridge will acquire two of Ourgame’s global esports and entertainment assets, Allied Esports International, Inc. and WPT Enterprises, At close, the combined company will be renamed Allied Esports Entertainment, Inc. (“AESE”) and is expected to trade on the NASDAQ Capital Market under the ticker symbol “AESE.”
Trust = $10.17 ? ~ 142mm.
1 warrant plus $11.50 > 1 common. Call $18 ---20 of 30 days.
Sponsor - Black Ridge Oil & Gas, Inc. OTCQB: ANFC
Deadline 21 months. Closed Oct 10, 2017. Expires 7/10/19
Target - Energy related.
EarlyBirdCapital, Inc. Chardan I-Bankers Securities Inc.
U.S.-based trust account at Morgan Stanley - Continental acting as trustee
Kenneth DeCubellis, our chairman of the board and chief executive officer, has over 30 years of experience, primarily in the oil and gas and other energy-related industries, including 10 years at Exxon Mobil Corp. Mr. DeCubellis has served as chief executive officer of our sponsor since November 2011. Our management team has significant access to both publicly available and proprietary business combination opportunities and have collectively bid on over $2.4 billion of opportunities since June 2015.
NEW YORK, Oct. 10, 2017 /PRNewswire/ -- Black Ridge Acquisition Corp. (NASDAQ: BRACU) (the "Company") announced today that it has completed its initial public offering of 12,000,000 units. Each unit consists of one share of the Company's common stock, par value $.0001 per share ("Common Stock"), one right to receive one-tenth (1/10) of one share of Common Stock upon consummation of an initial business combination, and one warrant entitling the holder to purchase one share of Common Stock at a price of $11.50 per share. The units were sold at an offering price of $10.00 per unit, generating gross proceeds of $120,000,000 to the Company. Once the securities comprising the units begin separate trading, the common stock, warrants and rights are expected to be traded on Nasdaq under the symbols "BRAC," "BRACW" and "BRACR," respectively. EarlyBirdCapital, Inc. acted as sole book-running manager and Chardan and I-Bankers Securities acted as co-managers of the offering. Copies of the final prospectus relating to the offering may be obtained for free by visiting the U.S. Securities and Exchange Commission website at http://www.sec.gov. Alternatively, a copy of the prospectus relating to the offering may be obtained from EarlyBirdCapital, Inc., 366 Madison Avenue, 8th Floor, New York, NY 10017, Attn: Syndicate Department, 212-661-0200.Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of units, $120,600,000 (or $10.05 per share sold in the offering) was placed in trust.