What Happened to Magnolia Oil & Gas?
Ticker: MGYSPAC Year: 2017Merger: 2018
Return
+209.2%
Current Price
$30.92
Peak Price
$31.21
Trust Size
$2.9B
Summary
Magnolia Oil & Gas Corp (MGY) filed its S-1 registration in 2017 and completed its business combination in 2018. The company remains actively traded with 619 SEC filings on record.
What Happened
Magnolia Oil & Gas Corp entered the SPAC market in 2017 with its initial S-1 filing with the SEC, joining the wave of blank check companies seeking acquisition targets.
The company filed a definitive proxy statement (DEFM14A) ahead of its merger vote, completing its de-SPAC transaction in 2018.
SEC records show 619 total filings, including annual (10-K) and quarterly (10-Q) financial reports.
The company was incorporated in Delaware, the preferred jurisdiction for the vast majority of SPACs due to its business-friendly legal framework.
Timeline
2017-04-28
S-1 Registration Filed
2018-07-02
Merger Proxy Filed (DEFM14A)