Business Context and Reporting Period
This Form 8-K is filed by Platinum Eagle Acquisition Corp. (the "Company") on February 26, 2019. The filing serves as a Regulation FD disclosure regarding a material event related to the proposed business combination between the Company, Target Logistics Management, LLC ("Target Lodging"), and RL Signor Holdings, LLC ("Signor Lodging").
Key Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity for the reporting period. This document is a current report focused on a specific corporate event rather than a periodic financial statement.
Material Changes and Events
- New Contract Award: Target Lodging was awarded a contract to build a new 400-bed community in Carlsbad, New Mexico.
- Business Combination Status: The Company's registration statement on Form S-4 regarding the business combination was declared effective by the SEC on February 14, 2019.
- Shareholder Communication: Definitive proxy statements/prospectuses were mailed to shareholders of record as of January 17, 2019.
Guidance, Outlook, and Risks
The filing does not contain forward-looking financial guidance, management commentary on future performance, or a detailed risk factor analysis. It explicitly states that the information provided is not an offer to sell or a solicitation of an offer to buy securities. Investors are directed to the definitive proxy statement/prospectus for important information regarding the business combination and the interests of directors and executive officers.
Key Facts for Investor Verification
- Verify the details of the 400-bed community contract in Carlsbad, New Mexico, via the attached press release (Exhibit 99.1).
- Review the definitive proxy statement/prospectus (File No. 333-228363) for comprehensive details on the business combination terms and participant interests.
- Confirm the status of the shareholder vote regarding the business combination, as the proxy materials were mailed in January 2019.
- Note that the registrant is identified as an emerging growth company.