S-4 Filing

The target is developing smart factory technology using AI and robotics.

The SPAC completed a $200 million IPO in March 2022. Since then, it has focused on life sciences targets based in Asia. Valuence I has yet to announce a deal.

The merger was announced in December at a pro forma equity value of approximately $176 million. The merger consideration will be payable solely in new shares of stock, with each share being valued at $10.

The pro-forma enterprise value of the combined company is estimated to be around $736 million, including a net debt of $289 million, and an equity value of about $447 million.

Goldenstone raised $57.5 million in a March 2022 IPO. The SPAC did not cite any specific sectors it might target when it registered the offering with the SEC.

Terms now call for the SPAC to issue 63,038,964 shares and 12,276,172 warrants to the target's shareholders. The stock consideration is up from the previously announced 61,488,964 shares. An additional 5 million earnout shares would be available if financial targets are met.

The SPAC in January signed a non-binding letter of intent with streaming platform Global IBO Group, although a definitive agreement has not been reached.

Based in Altrincham, England and founded in 2006, CorpAcq said it has cultivated a reputation as a “preferred buyer” for founder-led small and medium-sized enterprises.

Four Leaf raised $52 million in a March 2023 IPO to target companies in the IoT (Internet of Things) space. The SPAc has not yet announced a deal.

The target is a technology company with a core focus on artificial intelligence in retail.