Ventoux CCM Acquisition in an S-4 filing outlined its proposed merger with Presto, a provider of restaurant labor productivity technologies.
As announced in November, the transaction will be funded by $172.5 million from the Ventoux trust account, assuming no redemptions, and a $70 million PIPE. The company is expected to add over $223.3 million of cash to its balance sheet. Current shareholders will hold approximately 77% of the issued and outstanding shares of common stock immediately following the close of the transaction.
If the deal is approved, Presto would become publicly traded on the Nasdaq. Read more.
