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.
