The deal is expected to close late 2nd quarter or early 3rd quarter, and values the company at $1.3 billion. Mudrick Capital and funds and accounts managed by Gamco Investors and Wells Capital Management are "expected . The Merger Agreement. MUDSW news, real time MUDSW stock news, MUDRICK CAPITAL ... Topps SPAC: Everything You Need to Know About Topps Sports collectibles and trading card company Topps and Mudrick Capital Acquisition II will combine in a $571 million cash transaction, including $250 million held in trust by the SPAC, Mudrick announced today in a proxy filing. Topps, SPAC Mudrick Capital terminate merger deal that would have taken Topps public Provided by Dow Jones. Topps' SPAC Deal Is A Goner After MLB Decision To Cut Ties. Mudrick Capital Acquisition Corporation II (Nasdaq: MUDS) announced today that the Agreement and Plan of Merger with Topps Intermediate Holdco, Inc. and Tornante-MDP Joe Holding LLC has been terminated by mutual agreement, after notification on August 19, 2021 from Major League Baseball and the Major League Baseball Players Association that they would not be renewing their respective . The deal, on track to close in about a month, values Topps at $1.6 billion. Topps Merging with Mudrick Capital II in $1.3B Deal. ET Mudrick Capital Acquisition Corporation II Announces Termination of Merger Agreement for Business Combination with The Topps Company Mudrick Capital Acquisition Corporation II (Nasdaq: MUDS) announced today that the Agreement and Plan of Merger with Topps Intermediate Holdco, Inc. and Tornante-MDP Joe Holding LLC has been terminated by mutual . Mudrick Capital Acquisition Corporation II Announces Termination of Merger Agreement for Business Combination with The Topps Company Aug 18, 2021 The Topps Company Raises 2021 Outlook and Announces Second Quarter 2021 Results As a SPAC, Mudrick Capital acts as a shell company that has no commercial operations but raises capital through a public offering in order to acquire . 6. The Mudrick SPAC and Topps announced in April that they planned to merge in a deal that valued the combined company at $1.3 billion. On Friday, August 20, a proposed merger between Mudrick Capital Acquisition Company II and Topps was terminated. Shares of . Topps is a sports and entertainment collectibles business. Do NOT follow this link! Sports trading card company Topps has joined the fray with its $1.3 billion SPAC merger with Mudrick Capital. Special Purpose Acquisition Companies (SPACS), Units, Warrants and the best DD on Reddit. Currently, The Topps Company is valued at just over $1 billion (more than 12 times . At the current price of about $11.58, MUDS stock has pulled back more than . Aug 20, 2021 11:45 AM UTC. Topps is going public through a SPAC merger with Mudrick Capital Acquisition Corporation II (MUDS). Topps SPAC: Everything you need to know about Topps. . 183k members in the SPACs community. Mudrick Capital Acquisition Corporation II exists to affect a merger, allowing The Topps Company to go public. 99.1 : Joint Press Release of Mudrick Capital Acquisition Corporation II and The Topps Company, Inc. dated April 6, 2021. Find out everything you need to know about the company ahead of its listing. Mudrick Capital Acquisition Corporation II said Friday its SPAC merger with The Topps Co. "has been terminated by mutual agreement" because of Major League Baseball's decision to end a 70-year-old trading card deal with Topps.. The transaction, which is expected to close late in the second quarter or early in the . NEW YORK, Aug. 04, 2021 (GLOBE NEWSWIRE) -- The Topps Company, Inc. ("Topps" or "the Company"), a global leader in sports and entertainment collectibles and confections, and Mudrick Capital Acquisition Corp. II (NASDAQ: MUDS) ("MUDS"), a special purpose acquisition company, announced today that MUDS has filed a definitive proxy . As previously disclosed, on April 6, 2021, Mudrick Capital Acquisition Corporation II ("MUDS") entered into an Agreement and Plan of Merger (the "Merger Agreement"), by and among MUDS, Titan Merger Sub I, Inc., a Delaware corporation and direct, wholly owned subsidiary of MUDS, Titan Merger Sub II, LLC, a Delaware . Item 1.02 Termination of a Material Definitive Agreement. NEW YORK, Aug. 20, 2021 /PRNewswire/ -- Mudrick Capital Acquisition Corporation II (Nasdaq: MUDS) announced today that the Agreement and Plan of Merger with Topps Intermediate Holdco, Inc. and . Topps, the nation's most iconic sports card trading company, is merging with Mudrick Capital to form a new company valued at $1.3 billion. The . Sponsor Support Agreement, dated as of April 6, 2021, by and among Mudrick Capital Acquisition Corporation II and Mudrick Capital Acquisition Holdings II LLC. Topps has "agreed to go public through a merger" with Mudrick Capital Acquisition Corporation II, a SPAC that values Topps at $1.3B, according to Amelia Lucas of CNBC.com. Mudrick Capital stock() was dropping in pre-market following the commencing of investigation against MUDS stock by Levi & Korsinsky, LLP.Furthermore, Topps announced the termination of the merger agreement with MUDS stock. The company will combine with a blank check firm named . Topps Co. will no longer go public through a merger with blank-check firm Mudrick Capital Acquisition Corp. II, a significant blow for the trading card maker after it lost its longtime contract . Trading card company Topps is set to go public via a SPAC merger with Mudrick Capital that could value it at $1.3 billion. The Topps Company is set to go public by merging with special purpose acquisition company (SPAC) Mudrick Capital Acquisition Corporation II in a deal valuing the trading card giant at some US$1.3 billion. Bloomberg's Crystal Tse reports on Topps Co.'s decision to no longer go public through a merger with blank-check firm Mudrick Capital Acquisition Corp. and Bill Ackman's plans for a special . NEW YORK, Aug. 20, 2021-- Mudrick Capital Acquisition Corporation II (Nasdaq: MUDS) announced today that the Agreement and Plan of Merger with Topps Intermediate Holdco, Inc. and Tornante-MDP Joe Holding LLC has been terminated by mutual agreement, after notification on August 19, 2021 from Major League Baseball and the Major League Baseball . New York — The Topps Co., Inc., parent company of Bazooka Candy Brands, and Mudrick Capital Acquisition Corp. II, a publicly traded acquisition company, have established a definitive agreement for a business combination that will result in Topps becoming a public company.Upon closing of the transaction, which is expected in late second or early third quarter, the combined company will be . Mudrick, a SPAC, sought to merge Topps—perhaps the most well-known trading card company in the United States—with another company, but the deal fell through due to the failure to renew a contract between Topps and Major League Baseball (MLB). Baseball card company Topps is going public through a SPAC merger with Mudrick Capital Acquisition Corporation II (MUDS). The deal values the combined enterprise at $1.227 billion. Mudrick Capital Acquisition Corp. II (MUDS) relating to its proposed merger with Topps Co.Under the terms of the agreement, MUDS will acquire Topps through a reverse merger, with Topps emerging as a publicly traded company. Topps, a sports and entertainment collectible firm backed by former Walt Disney Co boss Michael Eisner, had in April agreed go public through a merger with Mudrick Capital Acquisition Corp II, a . NEW YORK, Aug. 20, 2021 (GLOBE NEWSWIRE) -- The Topps Company today announced the termination of its merger agreement with Mudrick Capital Acquisition Corporation II by mutual agreement and that . The deal is expected to close by the third quarter. Mudrick Capital Acquisition Corporation II April 2021. DIS, Financial) and current chairman of Topps, also commented on the partnership. The deal had been terminated by a mutual agreement . Rebecca Cattlin August 19, 2021 10:30 AM. Mudrick Capital Acquisition Corporation (NASDAQ: MUDS) is merging with Topps. Eisner, best known as the longtime CEO of Walt Disney Co., is bringing Topps public in a merger with Mudrick Capital Acquisition Corp. II, a SPAC formed by hedge fund manager Jason Mudrick. Disclaimer 1 This Presentation ("Presentation") is for informational purposes only to assist interested parties in making their own evaluation with respect to the proposed business combination (the "Business . Topps'audited consolidated financial statements for the year ended . 90 votes, 117 comments. Sports memorabilia company and digital-asset entrant Topps announced Tuesday it will go public through a merger with Mudrick Capital's special purpose acquisition company in a deal that values . . The Topps Company, Inc., a global leader in sports and entertainment collectibles and confections, and Mudrick Capital Acquisition Corporation II (NASDAQ: MUDS), a publicly-traded special purpose . Topps CEO Michael Brandstaedter will lead the . Highlights the difficulty distressed investors currently face. Trading card company Topps is set to go public via a SPAC merger with Mudrick Capital that could value it at $1.3 billion. 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