Terms call for Prenetics to receive up to $459 million.
September 16, 2021
The transaction includes $288 million in gross proceeds from EJFA’s cash in trust (assuming no redemptions) and a $200 million PIPE.
September 15, 2021
Soaring Eagle raised about $1.5 billion in a February IPO, so redemptions ahead of the Ginkgo vote would have been about 48% of the trust to leave $858 million.
September 14, 2021
The merger is structured as a stock for stock transaction and is intended to qualify as a tax-free reorganization.
September 10, 2021
Packable expects to add approximately $434 million in cash on its balance sheet.
September 9, 2021
Now Centricus faces another challenge: how to close the transaction with sufficient cash to satisfy the deal requirements.
September 1, 2021
Spring Valley and AeroFarms are pursuing additional capital sources to salvage the deal.
August 31, 2021
Terms call for Revelation to receive the $73 million of cash in Petra's trust.
August 30, 2021