Transportation tech platform Rally and Americas Technology Acquisition announced that an investor presentation is available on both ATA’s website at https://atacspac.com and Rally’s website at https://about.rally.co/investor-resources. The presentation outlines the proposed business combination between the parties.
Announced last week, the aggregate value of shares to be issued to Rally stockholders at closing is expected to be approximately $165 million. Rally stockholders may also receive up to an additional 4.5 million shares of common stock upon the achievement of certain revenue and share price targets during the post-closing earnout period. Non-redeeming ATA shareholders and investors who subscribe for PIPE shares will receive contingent value rights entitling them to certain down-side price protection and a premium return, subject to trading prices of the merged company’s common stock during an 18-month period after the closing.
Rally provides a single platform to commercialize idle and fragmented regional private bus capacity. Rally creates demand for fleet owners by aggregating riders seeking to travel between cities and to special event locations like sports arenas and rock concerts. Read more.
