Easterly Acquisition Corp. and JH Capital Announce Contribution to Trust Account

LOS ANGELES & NEW YORK--(BUSINESS WIRE)--JH Capital Group Holdings, LLC (“JH Capital” or the “Company”), a leading specialty finance company in the debt recovery industry, and Easterly Acquisition Corp. (“Easterly”) (NASDAQ: EACQ) today announced that JH Capital has agreed to contribute to Easterly $0.03 per month for each public share that is not redeemed at Easterly’s special meeting of its stockholders on December 14, 2017 to extend the date by which it must consummate a business combination to March 31, 2018. Upon receipt of this contribution, Easterly will deposit such funds into its trust account. This contribution will increase funds available in Easterly’s trust account for the redemption of public shares from approximately $10.06 per share at December 15, 2017 to approximately $10.17 per share at March 31, 2018.