Cellebrite today announced that it has filed an F-4 outlining terms of the proposed business combination with TWC Tech Holdings II.
The Israel-based tech firm plans to merge with the SPAC for $580 million in cash, including a $300 million PIPE.
If shareholders approve the deal, following the merger Cellebrite will list on the Nasdaq under CLBT. The pro forma implied equity value of Cellebrite post-merger is expected to be approximately $2.4 billion.
Cellebrite offers technology solutions to aid law enforcement in criminal investigations, such as software and hardware for hacking into locked smart phones.
The transaction is expected to close no later than Q3. Read more.
