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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

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