Allegro Merger Corporation (ALGRW) News

You will not get redemption if you held AGRR(rights) or ALGRW(warrants). There's no way to get 1/10 of common share since the completion of business did not take place so yeah we pretty much lost all money in ALGRR.
in 8-k it states "There will be no redemption of liquidating distribution with respect to the company's warrants and rights,which will expire worthless" so yeah sorry folks if you were waiting for a miracle to occur.

Anybody get a redemption payment yet?

If your shares are in brokerage street name, all you can do is wait. Maybe we will get .018/share? that’s what it closed at. If you have paper certificates then you have to send them in, per the process of dissolution charter. I guess we’ll have to wait and see.

I bought 10,000 shares for $600....

Well I lost a lot of money is don’t have

There will be no redemption or liquidating distribution with respect to the Company's warrants and rights, which will expire worthless.
:(

Algrw is worthless, algrr has value

Well damn I have algrr so I’m screwed

If you held the ipo shares algr you get the redemption. If you hold the rights algrr or the warrants algrw your shares are worthless. This is the way I understand it. But I wouldn’t carve that in stone. Called my broker they said that its in liquidation research and they have until 2023 to decide anything.

How do I get the redemption payment

https://www.sec.gov/Archives/edgar/data/1720025/000121390020009228/ea120684-8k_allegromerger.htm

https://www.sec.gov/Archives/edgar/data/1720025/000121390020009228/ea120684-8k_allegromerger.htm

Based on the 8k filing 04/15/20, I believe that your 90,000 algrr becomes 9,000 algr
and you get the $10.30 per share redemption payment.

So if I have 90000 shares of algrr what do I do ? All that money completely gone ?

Just got off the phone with td ameritrade they said it’s in liquidation research status and they have until 2023 to figure out if there will be any money refunded so I wouldn’t try to hold my breathe

algr was a special acquisition co ,and got their original investment money back and is done trading

Is the ticker algr done trading as well

algrw strike price was 11.50 = worthless , algrr only got shares if there was merger ,there was no merger so = worthless

As far as change or redemption

Anyone know what’s going on have not seen any occurrence on my platform

HOPE YOU ALL HELD YOUR TICKETS. 100 AGLRR GETS YOU 10 AGLR AT REDEMPTION PRICE. NOT SURE IF EVERYONE UNDERSTOOD THE 8Ks.


GLTYA

Interesting to see how this plays out after the 21st but I feel like I just threw a bunch of money out the window and will make a nice tax loss. Hope I’m wrong.

ALGRR and ALGRW both still trading after hours..shouldn't be done trading after today???? or goes until after hours trading???

Yes, I was referring to ALGRW. That one will have no value

YOU ARE CORRECT BUT PUT OUT THE WHOLE STORY

Update on ALGRW ALGRR warning:

ALGRW (warrants) will be worthless at the close today when the Co dissolves.

ALGRR shareholders that hold will receive a value of some sorts for their shares as determined by the Co.

Calm before the storm...

8K Posted BELOW Highlighted RED ALGRR GETS 1/10 ALGR. Gotta call your broker and exercise it.

8k Link for better viewing as the graph box is not lining up right when i paste it here.




UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549






FORM 8-K



CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934



Date of Report (Date of earliest event reported): April 15, 2020



ALLEGRO MERGER CORP.

(Exact Name of Registrant as Specified in Charter)



Delaware 001-38581 82-2425125
(State or Other Jurisdiction

of Incorporation)


(Commission

File Number)


(IRS Employer

Identification No.)



777 Third Avenue, 37th Floor

New York, NY




10017

(Address of Principal Executive Offices) (Zip Code)


Registrant’s telephone number, including area code: (212) 319-7676



Not Applicable

(Former Name or Former Address, if Changed Since Last Report)



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):



? Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


? Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


? Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


? Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:



Title of each class Trading Symbol(s) Name of each exchange on
which registered
Units, each consisting of one share of common stock, one right, and one redeemable warrant ALGRU The Nasdaq Stock Market LLC
Common stock, par value $0.0001 per share ALGR The Nasdaq Stock Market LLC
Rights, each to receive one-tenth (1/10) of one share of common stock ALGRR The Nasdaq Stock Market LLC
Redeemable warrants, each exercisable for one share of common stock at an exercise price of $11.50 per share ALGRW The Nasdaq Stock Market LLC


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).



Emerging growth company ?



If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ?












Item 8.01 Other Events.



As previously reported, Allegro Merger Corp. (the “Company”) has commenced the process of dissolving and liquidating in accordance with the Company’s amended and restated certificate of incorporation (“Charter”). Pursuant to the Charter, all outstanding shares of the Company’s common stock that were included in the units sold in the Company’s initial public offering (the “Public Shares”) will be redeemed at a per share redemption price of approximately $10.30 per Public Share (the “Redemption Amount”).



The redemption will occur on Tuesday, April 21, 2020. As of the close of business on such date, the Public Shares will be deemed cancelled and will represent only the right to receive the per share Redemption Amount. The Company’s officers, directors, initial stockholders, and the purchasers of units (“Private Units”) in the private placement that occurred simultaneously with the Company’s initial public offering have waived their redemption rights with respect to the common stock issued prior to the Company’s initial public offering and the common stock underlying the Private Units. The loans made by the Company’s initial stockholders in connection with the previously-disclosed extension of time to complete an initial business combination will not be repaid and will be forgiven. There will be no redemption or liquidating distribution with respect to the Company’s warrants and rights, which will expire worthless. The last trading date of the Company’s securities on the Nasdaq Capital Market is expected to be Monday, April 20, 2020.



Record holders of Public Shares may redeem their shares for their per share Redemption Amount by delivering their Public Shares to Continental Stock Transfer & Trust Company, the Company’s transfer agent. Beneficial owners of Public Shares held in “street name,” however, will not need to take any action in order to receive the redemption amount.



It is possible that the Company will make a small additional payment to the holders of Public Shares, pro rata, in connection with the unused portion of the dissolution allowance and any tax refunds which the Company may receive. However, the Company cannot assure you of the timing of such additional payment or that such additional payment will be made.



On April 15, 2020, the Company issued a press release announcing the timing and mechanics of the liquidation of the trust. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.



Forward-looking Statements:



This Current Report on Form 8-K includes “forward-looking statements” as such term is defined in the Private Securities Litigation Reform Act of 1995. When used in this Current Report on Form 8-K, words such as “anticipate,” “believe,” “expect,” “intend,” and similar expressions, as they relate to the Company, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company’s management, as well as assumptions made by and information currently available to the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors which may not be in the control of the Company. Readers are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company has no obligation to update any forward-looking statement to reflect events or circumstances after the date hereof.



1





Item 9.01 Financial Statements and Exhibits



(d) Exhibits:



Exhibit No. Exhibit Description

99.1 Press Release, dated April 15, 2020


2





SIGNATURE



Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



Dated: April 15, 2020 ALLEGRO MERGER CORP.

By: /s/ Eric S. Rosenfeld
Eric S. Rosenfeld
Chief Executive Officer

Please post for everyone ty

It’s reversing

ALGR 8K STATES ALGRR GETS 1/10 OF SHARE ALGR ON REDEMPTION DAY.

DONT BELIEVE EVERYTHING YOU READ ON HERE. DO YOUR OWN RESEARCH.

GLTYA.

Warning: ALGRW ALGRR no longer trade after the close. Co is dissolving at market close.

Do not hold this beyond the close or you will have 0!!!

At 4 pm listen for the SPLATTT from it's expiration.

Both ALGRR and ALGRW cease trading at the close today. Just making sure everyone knows that. The Co's PR Fri confirmed they are "Dissolving" as of close today. They popped huge Fri most likely from shorts covering their positions.

Laugh this bounces .05++

uh...

ALGRR down 55%...

ALGRW 836K bid 0098!

ALGRR .02 again. This looks to be done. I think the big run was early Friday.

the way both algrr and algrw are playing, looks like a crazy game of last one out turn the lights off. not for me. no news dropped before market, so today is it for these stocks. tomorrow they won't trade. not worth throwing your money away for a mid day swing. no way. best to the rest. looks like mm's trying to trap as many folks as they can here.

Yep. ALGRW 19% .0119 with. 278k 009 bid

ALGRR tapped .03 then right back to .02. Incredibly volatile.

151k bid ALGRR and 270k bid ALGRW. I bet both will go green shortly after the open

Squeezing now...maybe we see .04+ again today.

Sure is

This is all over the place...back to .0202.

uppsie we go on the cancellation...

790k 007 ask ALGRW all bought up except 39k shares left

ALGRR 023 x 028. Going back up

Jumping all over. Back to 0245 ask. Algrw lighter volume