SES Holdings Pte., which develops and produces high-performance hybrid lithium-metal rechargeable batteries for electric vehicles and other applications, said ahread of today’s vote it expects to close its merger with Ivanhoe Capital Acquisition.
Ivanhoe shareholders are set to vote today on the deal. The SPAC in a news release said proxies received to date indicate shareholder support for all proposals to be voted on at the meeting.
The transaction values the combined company at a pro forma implied equity value of approximately $3.6 billion (inclusive of a $300 million earn-out). Read more.
