Cellebrite DI and TWC Tech Holdings II today completed their business combination, following the vote to approve the deal Aug. 27 by the SPAC’s stockholders.
Terms called for the Israel-based tech firm to merge with the SPAC for $580 million in cash, including a $300 million PIPE.
Cellebrite shares and warrants begin trading tomorrow on the Nasdaq under CLBT and CLBTW.
Neither the SPAC’s press release nor subsequent 8-K filing mentioned redemptions, if any, however, its shares traded around $10 from the time the deal was announced in April through the redemption period.
Cellebrite offers technology solutions to aid law enforcement in criminal investigations, such as software and hardware for hacking into locked smart phones. Read more.
