Business Context and Reporting Period
This Form 8-K was filed by Kayne Anderson Acquisition Corp. (NASDAQ: KAACU, KAAC, KAACW) on August 13, 2018. The Company is a Delaware corporation and an emerging growth company. It is in the process of completing an initial business combination with Apache Corporation, after which it will be renamed Altus Midstream Company.
Key Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on corporate events rather than financial performance data.
Material Changes and Events
- Upcoming Investor Meetings: Management will conduct one-on-one and group meetings with investment community representatives at the Citi MLP/Midstream Infrastructure conference in Las Vegas, Nevada, on August 15, 2018.
- Information Availability: Prepared materials for these meetings are available on the Company's website (www.kaynespac.com), though the Company does not undertake to update this information.
- Proxy Statement: The Company intends to file a definitive proxy statement with the SEC regarding the proposed business combination, which will contain important information for stockholders.
Guidance, Outlook, and Risks
The filing contains forward-looking statements regarding the ability to effect the business combination, future financial performance, and strategic plans. These statements are subject to significant risks and uncertainties, including:
- Events that could delay or terminate the business combination.
- Legal proceedings instituted against Apache or the Company.
- Failure to obtain stockholder approval or satisfy other closing conditions.
- Disruption of current plans and operations due to the proposed combination.
- Competition and the ability to manage growth profitably post-combination.
- Changes in applicable laws, regulations, or economic factors.
The Company explicitly states it does not undertake any obligation to update forward-looking statements to reflect events occurring after the date of this report.
Important Facts for Investors to Verify
- Verify the status of the definitive proxy statement and its availability on the SEC website (www.sec.gov).
- Confirm the final terms and conditions of the business combination with Apache Corporation as detailed in the upcoming proxy statement.
- Review the Company's most recent Annual Report on Form 10-K (filed March 27, 2018) for detailed information on directors and officers.
- Monitor the Company's website and future press releases for updates on the business combination timeline and any material changes to the transaction.