AgiiPlus, a work solutions provider for rapid-change, quick-pivot enterprises in China and Singapore, has entered into a definitive merger agreement with Goldenbridge Acquisition.
If approved, upon closing the combined company is expected to remain Nasdaq-listed under new ticker symbol AGII.
The deal values the combined company at an estimated equity value on a pro-forma basis of approximately $578 million, assuming no redemptions from the SPAC’s trust account.
Terms call for Goldenbridge’s wholly owned subsidiary AgiiPlus Global to acquire AgiiPlus. The target’s shareholders and management will receive 52 million ordinary shares of AgiiPlus Global. All shares held by existing AgiiPlus shareholders will be subject to lock-up agreements for a period of 12 months following the date the transaction closes, subject to certain exceptions. Read more.