Priority PRTH was M I Acquisitions, Inc. MACQU = 1 c + 1 w

12/3/18 Offering warrant exchange. .192 common per warrant. 

Edgar Filings 

Priority Presentation May 2


Extended drop dead Sept. 17, 2018.

1 warrant +$11.50 buys one share, Call 16.

Trust $10,49 June 19, 2018.  ~~~$55mm. Trust at ipo 10.30.

Chardan Maxim

Feb 28, 2018 announces merger target Priority Technology Holdings. 

June 19  M I Acquisitions,  ( MACQU ), approved an extension from June 19, 2018 to September 17, 2018...to provide time for M I to complete its previously announced business combination with Priority Holdings, LLC ("Priority"), a leading provider of B2C and B2B payment processing solutions....holders of only 377,231 shares of M I common stock elected to redeem their shares for cash, resulting in a trust account balance of $51,829,390.86 on June 19, 2018, which represents an amount in excess of the cash minimum included as a condition to closing the pending business combination with Priority. Trust ~$10.49. No additional added with extension.


Priority holders to roll over 100%.

Priority will own 91% - Macq 9%

Both eligible for earnouts.

$20mm Trust minimum... conditioned upon, among other things, there being a minimum of $20 million of cash in our trust account


18 months - Can be extended monthly to 21 adding .025 to trust per month.


NEW YORK, Sept. 13, 2016 /PRNewswire/ -- M I Acquisitions, Inc. (NASDAQ: MACQU) (the "Company") today announced the pricing of its initial public offering of 5,000,000 units at an offering price of $10.00 per unit, before underwriting discounts and commissions. Each unit consists of one share of common stock and one warrant. Each warrant entitles its holder to purchase one share of common stock at an exercise price of $11.50 per share.

As the Company previously reported on a Current Report on Form 8-K, approximately $54.6 million of cash is now held in the Company's trust account, which will be released upon closing of a business combination. The Company's management team consists of Joshua Sason as CEO, Marc Manuel as CFO and Russell Rieger as VP of Strategy, and the Company's independent board of directors, consists of Don Ienner, David Schulhof and Sam Holdsworth.

If we are unable to consummate a business combination within 18 months from the closing of this offering, or up to 21 months from the closing of this offering if we extend the period of time to consummate a business combination

Led by our Chief Executive Officer, Joshua Sason, we believe that we are in a position to bring substantial value to any relevant potential target company. Joshua Sason, through Magna Entertainment, has produced four feature films, including the latest feature film, “Bleed for This”, which was a collaboration with Open Road Films in the United States and Sony Entertainment internationally that launched marketing in July and is scheduled for release in late 2016.

Joshua Sason - Penny Stock- Death spiral