Business Context and Reporting Period
This Form 8-K, dated October 10, 2017, reports the consummation of a business combination between Rimini Street, Inc. and GP Investments Acquisition Corp. (GPIA). The transaction was executed pursuant to a Merger Agreement dated May 16, 2017, and amended on June 30, 2017.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on the structural completion of the merger rather than financial performance data.
Material Changes
- Corporate Structure: Let's Go Acquisition Corp. merged into Rimini Street, which subsequently merged into GPIA. GPIA changed its name to Rimini Street, Inc.
- Stock Listing: As of the market open on October 11, 2017, the company's securities began trading on the NASDAQ Capital Market under the new ticker symbols: "RMNI" (common stock), "RMNIW" (warrants), and "RMNIU" (units).
- Legal Status: The registrant is no longer an emerging growth company following the transaction.
Outlook and Management Commentary
Management confirmed the closing of the transactions and the issuance of a press release on October 11, 2017 (Exhibit 99.1). The filing notes that any additional information required by other Form 8-K items regarding the transaction will be filed in a separate Current Report.
Investor Verification Checklist
- Verify the new ticker symbols (RMNI, RMNIW, RMNIU) on the NASDAQ Capital Market.
- Review the press release (Exhibit 99.1) for details on the exchange ratio and consideration received by shareholders.
- Monitor for the separate Form 8-K filing containing additional transaction details and financial statements.
- Confirm the updated corporate governance structure following the name change and merger.