Getty Images and CC Neuberger Principal Holdings today closed their business combination.
Getty Images Holdings begins trading Monday on the NYSE under the symbols GETY and GETY WS. The company’s leadership, employees and photographers will ring the opening bell at the NYSE on Aug. 15, according to a press release.
The deal was valued at $4.8 billion at announcement in January, with total equity investment of about $1.2 billion. In addition to its trust, the SPAC brought a $300 million backstop into the deal, with further support from a $200 million forward purchase agreement provided by an affiliate of the CC Neuberger sponsor and $150 million in PIPE financing. Read more.
