Prime Number Acquisition I Merging with Noco-Noco in $1.35B Deal

Prime Number Acquisition I in an 8-K filing disclosed it plans to merge with EV battery technology developer Noco-Noco at a valuation of $1.35 billion.

Noco-Noco is a development-stage manufacturer of carbon-zero electric vehicle battery technologies. Through the research and development of multilayer battery separator and by providing sustainable mobility services for people and goods, Noco-Noco aims to address the need for energy to customers driven to carbon-zero, according to the 8-K.

There is a minimum $20 million cash condition to close the deal.

Prime Number Acquisition I raised $64.5 million in a May 2022 IPO. Read more.

Total
0
Shares
Related Posts