Brief: Avepoint, The Largest Microsoft 365 Data Management Solutions Provider, Announces $2Bn Merger

AvePoint (Delaware)

23/11/2020 12:32

Nov 23 (Reuters) - Apex Technology Acquisition Corp
 APXT.O :
    * AVEPOINT, THE LARGEST MICROSOFT 365 DATA MANAGEMENT
SOLUTIONS
PROVIDER, ANNOUNCES $2BN MERGER
    * AVEPOINT - TRANSACTION INCLUDES A FULLY COMMITTED PIPE OF
$140
MM ANCHORED BY TOP-TIER INVESTORS
    * AVEPOINT - AVEPOINT CO-FOUNDER AND CURRENT CEO TIANYI (TJ)
JIANG
TO LEAD COMBINED COMPANY
    * AVEPOINT, INC - UPON CLOSING DEAL, COMBINED COMPANY WILL
BE
NAMED AVEPOINT, WILL REMAIN PUBLICLY TRADED CO LISTED ON NASDAQ
STOCK MARKET
    * AVEPOINT - UPON COMPLETION OF PROPOSED TRANSACTION,
EXISTING
AVEPOINT SHAREHOLDERS ARE EXPECTED TO OWN ABOUT 72% OF COMBINED
CO
    * AVEPOINT - SIXTH STREET, WILL CONTINUE AS A SHAREHOLDER IN
COMBINED COMPANY
    * AVEPOINT, INC. - UPON CLOSING DEAL, IT IS EXPECTED THAT
COMBINED
COMPANY WILL TRADE UNDER A NEW TICKER SYMBOL, "AVPT"
    * AVEPOINT, INC. - JEFF EPSTEIN WILL JOIN AVEPOINT'S BOARD
AS
DIRECTOR & BRAD KOENIG WILL JOIN AVEPOINT'S BOARD OF DIRECTORS
AS AN OBSERVER
    * AVEPOINT - SIXTH STREET WILL CONTINUE AS A SHAREHOLDER IN
COMBINED CO

Source text for Eikon:  ID:nBw734cDja 
Further company coverage:  APXT.O 

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