noco-noco Pte. Ltd. and Prime Number Acquisition I announced that they plan to close their business combination today.
Subject to Nasdaq approval for listing, noco-noco shares and warrants will begin trading Aug. 28 on the Nasdaq under the ticker symbols NCNC and NCNCW.
noco-noco is an early-stage decarbonization solutions provider focused on technologies to accelerate the global transformation to a carbon-neutral economy.
The deal was approved by the SPAC’s shareholders last week. Although Prime Number I had disclosed earlier that 98.59% of its shares were redeemed ahead of the vote, the SPAC reached a deal with Meteora Funds, which agreed to buy up to 2 million Class A shares in a forward purchase agreement. That was expected to be sufficient to cover the minimum cash condition. Read more.
