Hunter Maritime
March 21 - Hunter completes merger.
Issued 200 million new shares to target. Maybe 250k? left in float after redemptions?
Unit = 1 common, 1/2 warrant
One warrant plus 11.50. Callable 18.
$10.12 Trust Nov 6. Add $0.03 per month to April 23, 2019.
MORGAN STANLEY Co-Managers I-Bankers Securities, Inc. KBC Securities
Sponsor - Bocimar Hunter NV
Deadline 24 months. Closed November 23, 2016.
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Prospectus:
If a registration statement covering the Class A common shares issuable upon exercise of the warrants is not effective by the 60th day after the closing of the initial business combination, warrant holders may, until such time as there is an effective registration statement and during any period when we will have failed to maintain an effective registration statement, exercise warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption, provided that such cashless exercise is permitted under the laws of our corporate jurisdiction. At or promptly following the completion of our initial business combination, we will use our best efforts to transfer our corporate domicile from the Marshall Islands to Belgium, which requires our shareholders’ approval under Belgian law and compliance with other applicable legal requirements. We have been advised by our Belgian legal counsel, Argo Law, that the cashless exercise of warrants is not permitted under Belgian law, and accordingly, should we effect such transfer in corporate domicile to Belgium, warrant holders will be unable to exercise their warrants on a cashless basis and, therefore, absent an exemption from registration, will be unable to exercise their warrants without an effective registration statement.
March 21, 2019 -- Today, Hunter Maritime Acquisition Corp. (Nasdaq: HUNT) (the "Company" or "Hunter"), a special purpose acquisition company, announced the consummation of its business combination with privately-held NCF Wealth Holdings Limited (“NCF Wealth”). Hunter issued 200,000,000 Class A common shares to the former shareholders of NCF Wealth at the closing of the merger. The former shareholders of NCF Wealth are also entitled to receive up to 50,000,000 additional Class A common shares if the combined company meets certain financial performance targets for the 2019 and 2020 fiscal years.
Hunter plans on changing its name to NCF Wealth Holdings Limited
NCF Wealth is a fintech company in China. primarily focused on connecting investors and borrowers, providing multi-scenario investment analysis to platform users to meet their diversified investment needs, and building a closed-loop ecosystem in the field of internet finance. It also provides financing advisory and technical support for borrowers when they announce their financing needs. NCF Wealth aims to provide simplified, convenient and flexible financing solutions to both small and medium enterprises (“SMEs”) and individual borrowers. NCF Wealth generates revenues primarily from fees charged to borrowers for matching them with lenders through the facilities of its online platform and for providing financing advisory services to them. NCF Wealth’s platform does not pool funds from investors or grant loans to any customer or provide any credit services; that is, NCF Wealth does not itself finance the loans offered on its platform with its own funds.
Jia Sheng, Chief Executive Officer of the combined company said “As a leading fintech company in China, NCF Wealth is excited to become a public company to further enhance its brand image and ability to serve its clients and counterparties, extending its already impressive track record. NCF Wealth is now positioned to utilize the capital markets for strategic expansion of its businesses and acquisition of strategic resources.”
NCF Wealth is a fintech company in China. primarily focused on connecting investors and borrowers, providing multi-scenario investment analysis to platform users to meet their diversified investment needs, and building a closed-loop ecosystem in the field of internet finance. It also provides financing advisory and technical support for borrowers when they announce their financing needs. NCF Wealth aims to provide simplified, convenient and flexible financing solutions to both small and medium enterprises (“SMEs”) and individual borrowers. NCF Wealth generates revenues primarily from fees charged to borrowers for matching them with lenders through the facilities of its online platform and for providing financing advisory services to them. NCF Wealth’s platform does not pool funds from investors or grant loans to any customer or provide any credit services; that is, NCF Wealth does not itself finance the loans offered on its platform with its own funds.
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February 12, 2019 -Hunter Maritime Acquisition Corp. (Nasdaq: HUNT) (the "Company") announced that it has today commenced a tender offer (the "Tender Offer") to purchase up to 2,173,750 of its Class A common shares, par value $0.0001 per share, at a purchase price of $10.215 per Class A common share. The Tender Offer will expire at 5:00 p.m. New York City time on March 15, 2019 unless extended or earlier terminated by the Company (the "Expiration Date").
November 7, 2018 – Hunter HUNT announced the results of its tender offer to purchase up to 14,173,100 of its ordinary shares at the tender offer price of $10.125 per share. ...a total of 12,999,350 Class A common shares were validly tendered... for a total purchase price of $131,618,418.75,.....represent approximately 86% of the Company's issued and outstanding
October 5, 2018 - Hunter Maritime Acquisition Corp. (Nasdaq: HUNT) definitive agreement ...NCF Wealth Holdings Limited (“NCF”). The Company has established a wholly-owned subsidiary that will acquire NCF by way of merger in an all-stock transaction which values NCF at an equity value of $2,000,000,000 ?????????? whereby Hunter has agreed to issue 200,000,000 Class A common shares to the shareholders of NCF at the closing of the merger. The shareholders of NCF shall also be entitled to receive up to 50,000,000 additional Class A common shares if Hunter meets certain financial performance targets for the 2019 and 2020 fiscal years.
------------------Unable to complete announced deal - On April 26, 2017, Hunter Maritime Acquisition Corp., a Marshall Islands corporation (the "Company") entered into definitive agreements pursuant to which it has agreed to purchase five Capesize dry bulk carriers.
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Incorporated under the laws of the Republic of the Marshall Islands.
Segregated trust account located at KBC Bank in Belgium, with Continental Stock Transfer & Trust Company acting as trustee
Acquiring vessels, vessel contracts (including contracts for the purchase and charter-in by us of vessels) or one or more operating businesses, which we intend to be in the international maritime shipping industry.
Our sponsor is controlled by members of the Saverys family. The Saverys family has had a continuous presence in the shipping industry since the early nineteenth century. ...and acquired Belgische Scheepvaartmaatschappij-Compagnie Maritime Belge, or CMB Group, in 1991. The Saverys family remains CMB Group’s majority shareholder.