Software Acquisition Group III in a regulatory filing included an executive presentation highlighting its proposed purchasde of Nogin, a Commerce-as-a-Service provider.
The SPAC in April said the deal’s cash consideration was lowered from $20 million to $15 million and the share consideration was increased by a proportionate amount.
PIPE agreements are in place 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.
The SPAC raised $200 million in an IPO last August. Read more.
