SPAC · Merger completed
MTech Acquisition Corp
Business combination with MJ Freeway LLC
MTech Acquisition Corp is a blank-check company (SPAC) that raised $50M in its initial public offering on Jan 30, 2018, listing on Nasdaq Capital Market. It completed its business combination with MJ Freeway LLC on Jun 17, 2019; the combined company is Akerna Corp. (KERN). Ellenoff Grossman & Schole advised the SPAC and Graubard Miller advised the underwriters on the IPO.
MJ Freeway is a cannabis technology company that says it has tracked more than $10 billion in sales. It has clients in Australia, Europe, South America, New Zealand, Africa, Canada and the United States, including 29 states and the District of Columbia.
- Status
- Merger completed
- IPO date
- Jan 30, 2018
- IPO size
- $50M
- IPO exchange
- Nasdaq Capital Market
- Target
- MJ Freeway LLC
- Announced
- Oct 11, 2018
- Closed
- Jun 17, 2019
- Combined company
- Akerna Corp. (KERN)
- SPAC counsel (IPO)
- Ellenoff Grossman & Schole
- Underwriters' counsel (IPO)
- Graubard Miller
More on this SPAC for subscribers
- Trust balance and value per share
- Liquidation deadline and extension history
- PIPE and other committed financing
- Merger proxy, registration statement and investor presentation
- Analyst notes from the filings
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Filings
- IPO prospectus (424B4) Jan 30, 2018
- Deal announcement (8-K) Oct 11, 2018
- Press release
- All filings on EDGAR CIK 1719893
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- Ranpak Holdings Corp.via One Madison Corp · closed Jun 3, 2019
- Xynomic Pharmaceuticals Holdings, Inc.via Bison Capital Acquisition Corp. · closed May 15, 2019
- Clarivate Plcvia Churchill Capital Corp · closed May 13, 2019