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Easterly Acquisition Corp (EACQ.OQ)

EACQ.OQ on NASDAQ Stock Exchange Capital Market

10.25USD
18 Jul 2018
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Latest Key Developments (Source: Significant Developments)

Sirius International To Become Public Through A Combination With Easterly Acquisition Corp
Monday, 25 Jun 2018 

June 25 (Reuters) - Easterly Acquisition Corp ::SIRIUS INTERNATIONAL INSURANCE GROUP, LTD. TO BECOME PUBLIC COMPANY THROUGH A COMBINATION WITH EASTERLY ACQUISITION CORP. SIRIUS TO LEND TO EASTERLY $0.03/SHARE PER MONTH THROUGH THE EXTENSION PERIOD.SIRIUS INTERNATIONAL INSURANCE - UNDER DEAL, EASTERLY WOULD MERGE WITH A UNIT OF SIRIUS GROUP AND BECOME A WHOLLY OWNED SUBSIDIARY OF SIRIUS GROUP.SIRIUS INTERNATIONAL INSURANCE - AGREEMENT FOR SIRIUS TO BUY CONTROLLING INTEREST IN PHOENIX HOLDINGS LTD. WILL TERMINATE ON OR PRIOR TO JULY 2, 2018.  Full Article

Easterly Acquisition Corp. And JH Capital Group Holdings Are In Discussions To Terminate Investment Agreement
Thursday, 10 May 2018 

May 10 (Reuters) - Easterly Acquisition Corp ::EASTERLY ACQUISITION CORP. AND JH CAPITAL GROUP HOLDINGS, LLC ARE IN DISCUSSIONS TO MUTUALLY TERMINATE THE INVESTMENT AGREEMENT AND ABANDON THE PROPOSED BUSINESS COMBINATION.EASTERLY ACQUISITION - IF INVESTMENT AGREEMENT IS TERMINATED, COS WILL ABANDON BUSINESS COMBINATION TRANSACTION CONTEMPLATED BY INVESTMENT AGREEMENT.EASTERLY ACQUISITION - WILL EVALUATE IF IT WILL SEEK MORE TIME TO COMPLETE INITIAL BUSINESS COMBINATION OR IF IT WILL CEASE ALL OPERATIONS.EASTERLY ACQUISITION - IN EVENT OF CO'S LIQUIDATION, THERE WILL BE NO DISTRIBUTION WITH RESPECT TO ITS WARRANTS AND WARRANTS WILL EXPIRE WORTHLESS.  Full Article

Easterly Acquisition Extends Time To Complete Business Combination With JH Capital To June 30
Thursday, 29 Mar 2018 

March 29 (Reuters) - Easterly Acquisition Corp ::EASTERLY ACQUISITION CORP. ANNOUNCES EXTENSION OF TIME TO COMPLETE PREVIOUSLY ANNOUNCED BUSINESS COMBINATION WITH JH CAPITAL.EASTERLY ACQUISITION - STOCKHOLDERS VOTED TO EXTEND DEADLINE TO COMPLETE AN INITIAL BUSINESS COMBINATION WITH JH CAPITAL TO JUNE 30.  Full Article

Easterly Acquisition And JH Capital Announce $125 Mln Financing Led By Fortress
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - Easterly Acquisition Corp ::EASTERLY ACQUISITION CORP AND JH CAPITAL ANNOUNCE $125 MILLION FINANCING LED BY FORTRESS.EASTERLY ACQUISITION CORP - ‍FINANCING WILL ENABLE JH CAPITAL TO PURCHASE $1 BILLION FACE VALUE OF CONSUMER DEBT RECEIVABLES BEGINNING IN Q1 OF 2018​.EASTERLY ACQUISITION CORP - ‍JH CAPITAL NOW EXPECTS PURCHASES OF $75 MILLION DURING Q1 OF 2018 ALONE​.  Full Article

Easterly Acquisition And JH Capital Provide Business And Transaction Updates To Investors
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Easterly Acquisition Corp ::EASTERLY ACQUISITION AND JH CAPITAL PROVIDE BUSINESS AND TRANSACTION UPDATES TO INVESTORS.‍JH CAPITAL'S ESTIMATE FOR 2018E ECONOMIC EARNINGS INCREASED BY ABOUT 12 PCT TO $56 MILLION SINCE JUNE 30, 2017 PROJECTIONS​.JH CAPITAL​ ‍NOW ANTICIPATES OUTPERFORMING ITS CAPITAL DEPLOYMENT ESTIMATE FOR 2018 BY $10 MILLION.JH CAPITAL NOW ANTICIPATES CAPITAL DEPLOYMENT ESTIMATE TO DEPLOY A TOTAL OF $219 MILLION FOR 2018.‍SCHEDULED SPECIAL MEETING OF STOCKHOLDERS ON DEC 14, TO EXTEND DATE BY WHICH CO TO CONSUMMATE BUSINESS COMBINATION TO MARCH 31, 2018​.JH CAPITAL NOW SEES NET LOSS OF $25 MILLION FOR 2017, NET LOSS OF $4 MILLION FOR 2018 AND NET INCOME OF $67 MILLION FOR 2019.  Full Article

BRIEF-Easterly Acquisition Corp. And JH Capital Group Holdings Are In Discussions To Terminate Investment Agreement

* EASTERLY ACQUISITION CORP. AND JH CAPITAL GROUP HOLDINGS, LLC ARE IN DISCUSSIONS TO MUTUALLY TERMINATE THE INVESTMENT AGREEMENT AND ABANDON THE PROPOSED BUSINESS COMBINATION