Edition:
India

Osprey Energy Acquisition Corp (OSPR.OQ)

OSPR.OQ on NASDAQ Stock Exchange Capital Market

10.16USD
22 Jun 2018
Change (% chg)

$-0.01 (-0.10%)
Prev Close
$10.17
Open
$10.10
Day's High
$10.20
Day's Low
$10.10
Volume
9,341
Avg. Vol
17,001
52-wk High
$10.20
52-wk Low
$9.47

Latest Key Developments (Source: Significant Developments)

Osprey Energy Acquisition Corp And Blackstone’s Royal Resources To Combine To Form Falcon Minerals Corp
Monday, 4 Jun 2018 

June 4 (Reuters) - Osprey Energy Acquisition Corp ::OSPREY ENERGY ACQUISITION CORP. AND BLACKSTONE’S ROYAL RESOURCES ANNOUNCE COMBINATION TO FORM FALCON MINERALS CORPORATION, A PUBLICLY TRADED OIL-WEIGHTED MINERALS COMPANY.OSPREY ENERGY ACQUISITION CORP - TRANSACTION INCLUDES A $115 MILLION PIPE INVESTMENT COMMITMENT COMPLETED PRE-SIGNING FOR NEW COMMON STOCK.OSPREY ENERGY ACQUISITION CORP - DEAL FOR TOTAL ENTERPRISE VALUE OF APPROXIMATELY $894 MILLION.OSPREY ENERGY ACQUISITION CORP - COMBINED COMPANY WILL BE NAMED FALCON WILL MINERALS CORPORATION BE LED BY OSPREY'S MANAGEMENT TEAM.OSPREY ENERGY ACQUISITION - CO'S EXISTING INVESTORS ARE COMMITTED TO RETAINING SHARES THROUGH CLOSING AND NOT REDEEMING THEIR SHARES.OSPREY ENERGY ACQUISITION- BLACKSTONE WILL CONTRIBUTE ROYAL RESOURCES ASSETS TO FALCON MINERALS OPERATING PARTNERSHIP IN EXCHANGE FOR $400 MILLION OF CASH.OSPREY ENERGY ACQUISITION CORP - BLACKSTONE WILL RETAIN A 47%STAKE IN FALCON MINERALS AT CLOSING.OSPREY ENERGY - FALCON MINERALS WILL BE LED BY OSPREY ENERGY MANAGEMENT TEAM IN PARTNERSHIP WITH BLACKSTONE AND STRUCTURED AS A C-CORPORATION.OSPREY ENERGY ACQUISITION-BLACKSTONE TO CONTRIBUTE ROYAL RESOURCES ASSETS ALSO IN EXCHANGE FOR 40 MILLION COMMON UNITS OF FALCON MINERALS PARTNERSHIP.OSPREY ENERGY ACQUISITION-TO FINANCE DEAL , CO ENTERED AGREEMENTS TO SELL IN PRIVATE PLACEMENT ABOUT 11.5 MILLION SHARES OF CLASS A STOCK AT $10.00/ SHARE.  Full Article

No consensus analysis data available.