AJAX I scheduled an Aug. 18 meeting for shareholders to vote on its proposed merger with Cazoo, a UK-based online car retailer. The combined company would have an enterprise value of $7 billion.
The SPAC also said the SEC has declared effective the F-4 registration statement on the deal.
The transaction includes an $800 million fully committed PIPE at $10 per share led by the AJAX sponsor team and D1 Capital Partners, and joined by Altimeter, funds & accounts managed by BlackRock, Counterpoint Global (Morgan Stanley) and Fidelity Management and Research Company, Marcho Partners, Mubadala Capital, Pelham Capital, Senator Investment Group and Spruce House Partnership. The AJAX sponsor team has committed $200 million to the PIPE.
AjaxI raised $750 million in an October IPO. Read more.
