Americas Technology Acquisition and merger partner Rally in a regulatory fiuling disclosed modifications to the business combination agreement, which now includes a $20 million minimum cash condition to close.
Rally is a transportation tech platform.
Announced in June, the transaction values Rally at pro forma enterprise value of $208 million. If approved, the combined company will be renamed Rally Mobility and list on the NYSE under the symbol RLLY.
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 if the company hits certain revenue and share price targets during the post-closing earnout period. Read more.
