Kayne Anderson Acquisition Corp KAACU
Now Altus ALTM
Deal Announced August 8, 2018
U= 1C + 1/3W
Trust = $10 ~$378mm. Bank JPM. Trustee American Stock Transfer.
Warrants - One warrant plus 11.50 - Callable $18. Management can call on cashless basis.
CitiGroup - Deutsch Bank - Credit Suisse
Our sponsor, Kayne Anderson Sponsor, LLC (which we refer to as our “sponsor” throughout this prospectus), has committed to purchase an aggregate of 6,000,000 warrants (or 6,700,000 warrants if the over-allotment option is exercised in full) at a price of $1.50 per warrant (approximately $9,000,000 in the aggregate, or $10,050,000 if the over-allotment option is exercised in full
Our initial stockholders have agreed not to transfer, assign or sell any of their founder shares until the earlier to occur of: (A) one year after the completion of our initial business combination or (B) subsequent to our initial business combination, (x) if the last sale price of our Class A common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after our initial business combination,