Brief: Bestpath Enters Into Definitive Merger Agreement With Aquaron Acquisition Corp

Aquaron Acquisition

27/03/2023 14:13

March 27 (Reuters) - Aquaron Acquisition Corp  AQU.O :
    * BESTPATH ENTERS INTO DEFINITIVE MERGER AGREEMENT WITH
AQUARON
ACQUISITION CORP. (NASDAQ: AQU)
    * AQUARON ACQUISITION CORP - PROPOSED DEAL FOR INITIAL
EQUITY
VALUE OF APPROXIMATELY $1.2 BILLION.
    * AQUARON ACQUISITION- PROPOSED DEAL VALUES COMBINED CO ON
CLOSE
AT IMPLIED PRO FORMA PRE-MONEY ENTERPRISE VALUE OF ABOUT $1.2
BILLION AT PRICE OF $10/SHARE
    * AQUARON - CO, BESTPATH (SHANGHAI) IOT TECHNOLOGY ENTERED
MERGER
AGREEMENT THAT WILL SEE BESTPATH OPERATE UNDER HOLDING ENTITY
NAMED BESTPATH GROUP LTD
    * AQUARON ACQUISITION CORP - BESTPATH GROUP LIMITED PLANS TO
TRADE
ON NASDAQ STOCK MARKET
    * AQUARON ACQUISITION - UPON CLOSING, CURRENT SHAREHOLDERS
OF
BESTPATH WILL RETAIN MAJORITY OF OUTSTANDING SHARES OF COMBINED
CO

Source text for Eikon:  ID:nPn9yHx4ca 
Further company coverage:  AQU.O 

 ((Reuters.Briefs@thomsonreuters.com;))