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Tristar Acquisition I and Helport Agree to Combine in $350M Deal

November 13, 2023
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Tristar Acquisition I signed a definitive business combination agreement with Helport Limited, an AI technology company specializing in providing intelligent products, solutions, and a digital platform to improve communication efficiency between businesses and their customers, enhance user experience, and improve sales performance.

The pre-merger entity is valued at $350 million.

Helport’s equity holders will transition 100% of their equity to the combined entity.

The transaction is expected to provide up to $130 million in gross proceeds from cash held in Tristar’s trust account (assuming no redemptions). The parties also intend to raise a new PIPE investment of approximately $25 million.

Helport is registered in the British Virgin Islands with its operations based in Singapore.

Ellenoff Grossman & Schole, Ogier and Rajah & Tann Singapore are serving as legal advisors to Tristar.

Hunter Taubman Fischer & Li, Ogier and Reed Smith Resource Law Alliance are serving as legal advisors to Helport. Read more.

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