Prime Number Acquisition I today announced that it will hold a stockholders meeting Aug. 15 at 9 a.m. Eastern to vote on the proposed business combination with noco-noco Pte. Ltd. The target is a decarbonization solutions provider working to accelerate the global transformation to a carbon-neutral economy.
The combined company would be renamed to noco-noco Inc. following the closing, if approved.
The deal was announced in January at a valuation of $1.35 billion.
Noco-Noco is a development-stage manufacturer of carbon-zero electric vehicle battery technologies.
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.
