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Global Partner Acquisition Corp (GPAC.OQ)

GPAC.OQ on NASDAQ Stock Exchange Capital Market

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13 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Global Partner Acquisition and Purple Innovation announce filing of merger proxy statement
Monday, 6 Nov 2017 07:48pm EST 

Nov 6 (Reuters) - Global Partner Acquisition Corp :Global Partner Acquisition Corp. and Purple Innovation, LLC announce filing of merger proxy statement and updated investor presentation.Global Partner Acquisition Corp - ‍on November 2, entered into a definitive merger agreement to combine with Purple Innovation, LLC​.  Full Article

Global Partner Acquisition Corp and Purple Innovation LLC announce definitive merger agreement
Thursday, 2 Nov 2017 08:00am EDT 

Nov 2 (Reuters) - Global Partner Acquisition Corp :Global Partner Acquisition Corp. and Purple Innovation, LLC announce definitive merger agreement.Global Partner Acquisition - As per deal, Purple will become a subsidiary of co, based on an initial enterprise value of approximately $900 million​.  Full Article

Highbridge Capital Management reports 6.96 pct passive stake in Global Partner Acquisition
Monday, 7 Aug 2017 04:22pm EDT 

Aug 7 (Reuters) - Global Partner Acquisition Corp :Highbridge Capital Management reports 6.96 percent passive stake in Global Partner Acquisition Corp as of July 27, 2017 - SEC filing.  Full Article

Global Partner Acquisition and Purple Innovation LLC enter into LOI
Thursday, 27 Jul 2017 08:11am EDT 

July 27 (Reuters) - Global Partner Acquisition Corp :Global partner acquisition - co, purple innovation llc entered into loi, pursuant to which purple would become a publicly traded company‍​ - sec filing.Global partner acquisition-gpac, purple intend to enter agreement, pursuant to which gpac would acquire purple based on an enterprise value of $1.1 billion ‍​.Global partner acquisition - purple founders terry and tony pearce to retain majority shareholder position in combined public co.Global partner acquisition - sam bernards to be ceo of combined co.Global partner-to pay part of purchase price to equity holders, anticipated to be about $90 million, remainder to be paid in rollover equity interests in combined co.  Full Article

Global Partner Acquisition receives notice from Sequel Youth and Family Services
Monday, 22 May 2017 09:43am EDT 

May 22 (Reuters) - Global Partner Acquisition Corp : :Global Partner Acquisition- received notice from Sequel Youth and Family Services, that Sequel terminated agreement, plan of merger,dated Jan 11, 2017.Global Partner Acquisition-termination is as a result of transactions contemplated by merger agreement not being completed on or prior to May 15, 2017.Global Partner Acquisition Corp - intend to continue negotiations with Sequel to complete a business combination with Sequel on new terms.Global Partner Acquisition-if co not completed initial business combination by Aug 4, 2017, co to cease all operations except for purpose of winding up.Global Partner Acquisition- if we have not completed initial business combination by Aug 4, redeem public shares, at per-share price, equal to aggregate amount then on deposit in trust account.Global Partner Acquisition-if not completed initial business combination by Aug 4, co to dissolve, liquidate following redemption,subject to approval.  Full Article

BRIEF-Sequel Youth and Family Services and Global Partner Acquisition announce agreement for business combination (Jan 11)
Thursday, 12 Jan 2017 01:17am EST 

Corrects adjusted EBITDA figure in 1st bullet to $43 million, from $261.4 million; removes extraneous words 'total revenue' from 5th bullet.Global Partner Acquisition Corp : Says for calendar 2017, Sequel forecasts adjusted EBITDA of $43 million . Says Sequel common equity holders will also receive GPAC warrants to purchase 3.3 million shares of GPAC common stock . Sequel Youth and Family Services and Global Partner Acquisition Corp. announce agreement for business combination . Says immediately upon consummation of transaction, GPAC will change its name to Sequel Youth and Family Services Inc . Says for fiscal year ending June 30, 2017, Sequel forecasts program revenue of $253.9 million . Says deal will enable Sequel to become a Nasdaq-listed public co, with anticipated initial enterprise value of about $423.3 million . Says Sequel management team will continue to lead combined company following business combination . Says intends to pay cash consideration and transaction expenses for deal primarily from about $155.3 million of cash in its trust account . Says for fiscal year ending June 30, 2017, Sequel forecasts free cash flow of $36.8 million .Says Sequel equity holders will receive newly issued Sequel common units exchangeable initially for 4.5 million shares of GPAC stock, $105.0 million in cash.  Full Article

Alaris Royalty Corp announces proposed transaction with sequel, provides corporate update
Wednesday, 11 Jan 2017 05:19pm EST 

Alaris Royalty Corp : Alaris royalty corp. Announces a proposed transaction with sequel and provides a corporate update . Alaris royalty-it is proposed that co to get cash distribution of usd$30 million from sequel as well as retain usd$62.2 million of preferred equity in sequel . It is also proposed that alaris will receive a continuing annual distribution of usd$6.2 million . Alaris royalty - proposed co will receive continuing annual distribution of $6.2 million representing 14.2% yield on alaris' remaining cost base in sequel . Alaris royalty - co's units in sequel can be repurchased for usd$62.2 million subject to annual increase of 3% starting 42 months from closing date of transaction . Alaris royalty - subsequent to management changes, significant costs reductions at kimco holdings co continues to work with kimco on a long-term plan .Alaris royalty - net results of tuesday's updates, excluding proposed sequel deal, is slight increase to cash flow guidance provided on nov 8, 2016.  Full Article

Sequel Youth and Family Services and Global Partner Acquisition announce agreement for business combination
Wednesday, 11 Jan 2017 04:35pm EST 

Global Partner Acquisition Corp : For calendar 2017 Sequel forecasts adjusted EBITDA of $261.4 million . Global Partner Acquisition Corp says Sequel common equity holders will also receive GPAC warrants to purchase 3.3 million shares of GPAC common stock . Sequel Youth and Family Services and Global Partner Acquisition Corp. announce agreement for business combination . Sequel Youth and Family Services and Global Partner Acquisition Corp. announce agreement for business combination . Immediately upon consummation of transaction, GPAC will change its name to Sequel Youth and Family Services, Inc . Global Partner Acquisition Corp says for fiscal year ended June 30, 2017, Sequel forecasts program revenue, total revenue $253.9 million . Deal will enable Sequel to become a Nasdaq-listed public co, with anticipated initial enterprise value of about $423.3 million . Sequel management team will continue to lead combined company following business combination . Intends to pay cash consideration and transaction expenses for business combination primarily from about $155.3 million of cash . Global Partner Acquisition Corp says for fiscal year ended June 30, 2017, Sequel forecasts program free cash flows $36.8 million . Global Partner Acquisition Corp says Sequel equity holders will receive newly issued Sequel common units exchangeable initially for 4.5 million shares of GPAC stock, $105.0 million in cash.  Full Article

BRIEF-Global Partner Acquisition sees Q3 revenue to be $52 mln to $55 mln

* Global Partner Acquisition Corp - sees Q3'17 revenue to be $52 million to $55 million - SEC filing‍​

No consensus analysis data available.