Noventiq Holdings and Corner Growth Acquisition filed an investor presentation on their proposed merger. Noventiq is a cybersecurity company.
The parties in January reduced the equity valuation of Noventiq from $877 million to $330 million. The deal was announced in May last year.
Noventiq also provided unaudited key operating highlights for the nine months ending Dec. 31, including revenues of $340.7 million, an increase of 21.5% in U.S. dollars, and adjusted EBITDA (excluding share-based compensation) of $24.9 million, an increase of 49.4%.
Corner Growth originally raised $185 million in a June 2021 IPO to focus on the technology industry in the United States and other developed countries. The trust now stands at just over $5 million. Read more.
