Churchill Capital VII announced that it has scheduled a meeting of stockholders for May 21 to vote on the proposed business combination with CorpAcq Holdings Limited. The business combination is expected to be completed in the first half of 2024, the SPAC added.
Based in Altrincham, England and founded in 2006, CorpAcq said it has cultivated a reputation as a “preferred buyer” for founder-led small and medium-sized enterprises based on its “founder-friendly, management empowered value proposition and focus on investing for long-term performance.”
The transaction has a minimum $350 million cash closing condition, net of transaction fees.
The deal has a pro forma enterprise value of approximately $1.58 billion.
Prior to the vote, CorpAcq intends to file with the SEC a post-effective amendment to the registration statement, which will include CorpAcq financial statements for the year ended Dec 31, 2023. Read more.
