Corner Growth Acquisition filed an amended proxy and prospectus outlining its proposed merger with Noventiq, a cybersecurity company.
Terms call for the issuance of about 69 million shares and 17.1 million warrants to the target. The SPAC is working to secure additional PIPE funding.
The parties in January reduced the equity valuation of Noventiq from $877 million to $330 million. The deal was announced in May last year.
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.
