TWC Tech Holdings II in an 8-K filing today included an investor presentation highlighting its pending merger with Israel-based tech firm Cellebrite.
Terms call for Cellebrite to receive $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. Read more.
