Electrum- ELECU = 1c, 1w

2 warrants + 11.50 > 1 common.

​Extended to June 5, 2018.

Trust  approximately $10.33 per share Feb. +.035/month.
Trust would =  $10.48 per share at expiration in June.

As previously announced, Electrum Special Acquisition Corporation (the “Company”) intends to dissolve and liquidatein accordance with its Amended and Restated Memorandum and Articles of Association (the “Memorandum and Articles of Association”), including the redemption of all of its outstanding ordinary shares (the “public shares”) that were included in the units issued in its initial public offering, as soon as possible after June 5, 2018 (the “Final Redemption Date”) because the Company will not be able to consummate an initial business combination within the time period required by its Memorandum and Articles of Association.
In order to provide for the disbursement of funds from the Company’s trust account (the “trust account”) established in connection with the Company’s initial public offering prior to the Final Redemption Date, the Company has instructed the trustee (the “trustee”) of the trust account to immediately liquidate the trust account. The proceeds of the trust account will be held in a noninterest-bearing account while awaiting disbursement to the holders of the public shares. Holders of public shares may redeem their shares for their pro rata portion of the proceeds of the trust account by delivering their public shares to Continental Stock Transfer & Trust Company, the Company’s transfer agent (the “transfer agent”), as soon as possible and in any event prior to 5:00 p.m., eastern time, on either May 23, 2018 or May 30, 2018 (each, an “Early Redemption Deadline”) in accordance with the directions below. The Company expects that holders that properly deliver their public shares to the transfer agent for cancellation prior to an Early Redemption Deadline will receive their pro rata portion of the proceeds of the trust account by no later than the close of business the following day.
The Company estimates that the per-share redemption price for the public shares will be approximately $10.47.

​Proxy   Meeting June 4, to extend the date by which Electrum has to consummate a business combination (the “Extension”) for an additional four months, from June 5, 2018 to October 5, 2018 - no added cash ??

​A/o Feb5,  a total of approximately $127.8 million  in  Trust.

ESAC Holdings LLC, has agreed to contribute to the Company as a loan $0.035 for each public share that was not redeemed, for each calendar month (commencing on February 10, 2018 and on the 10th day of each subsequent month),