Rosecliff Acquisition I and GT Gettaxi Limited ( dba Gett), have entered into a definitive business combination agreement that vlaues the combined enterprise at $1 billion. GETT is a corporate Ground Transportation Management (GTM) platform.
Ir approved, upon closing the combined company will trade on the Nasdaq under GETT.
The transaction would provide up to $253 million in gross proceeds from Rosecliff’s trust account, assuming no redemptions, with an additional $30 million in gross proceeds from a fully committed PIPE from Rosecliff’s sponsors and existing Gett shareholders.
The deal is expected to close in the first half of 2022. Read more.
