QOMPLX and Tailwind Acquisition today announced that they have entered into a definitive business combination agreement with an estimated post-transaction equity value for QOMPLX of approximately $1.4 billion.
It is anticipated that the combined company will receive approximately $280 million of gross proceeds from a fully committed common stock PIPE offering of $180 million, along with approximately $334 million cash held in trust, given approximately $200 million in cash acquisition costs, and assuming minimal redemptions by Tailwind’s stockholders. The PIPE included participation from Cannae Holdings, Fidelity Management & Research Company, Hedosophia and RenaissanceRe Ventures, a subsidiary of RenaissanceRe.
Upon closing, the combined company will operate as QOMPLX and plans to list on the NYSE under QPLX.
The cloud-based QOMPLX platform analyzes data to predict risk in areas including cybersecurity, insurance, and finance. Read more.
