Software Acquisition Group III in a regulatory filing today said it and merger partner Nogin have agreed to lower the deal’s cash consideration from $20 million to $15 million and increase the share consideration in a proportionate amount.
The SPAC also disclosed that it now has PIPE agreements for up to $75 million in funding. Investors in the PIPE include UBS Asset Management’s Hedge Fund Solutions business and including commitments from Tenor Capital Management and Jonathan Huberman, CEO of SWAG III.
Nogin is a Commerce-as-a-Service provider. Read more.
