The SPAC’s changes to the agreement address redemption rates if any shares are redeemed in connection with the merger vote. A definitive proxy on the merger proposal has yet to be filed.
If approved, the combined company would have an estimated market value of approximately $2 billion. The deal includes a fully committed PIPE of $140 million. AvePoint has said it expects to generate approximately $148 million in revenue for the fiscal year, which would be an increase of approximately 26 percent over 2019. Read more.
