Social Capital Hedosophia Holdings Corp. V today filed a proxy on its proposed merger with Social Finance in a deal valued at $2.4 billion.
The transaction values the company at an equity value of $8.65 billion post-money.
If shareholders approve, the deal is expected to deliver up to $2.4 billion of gross proceeds to the combined company, including up to $805 million of cash held in the SPAC’s trust from its IPO in October. The combination is further supported by a $1.2 billion PIPE at $10 per share. Read more.
