Brief: Bayview Acquisition Announces Entry Into A Merger Agreement With Oabay Inc Creating A Publicly Traded Enterprise Trade Credit Digital Transformation Solutions Company
07/06/2024 22:31
June 7 (Reuters) - Bayview Acquisition Corp BAYA.O :
* BAYVIEW ACQUISITION CORP ANNOUNCES ENTRY INTO A MERGER
AGREEMENT
WITH OABAY INC., CREATING A PUBLICLY TRADED ENTERPRISE TRADE
CREDIT DIGITAL TRANSFORMATION SOLUTIONS COMPANY
* BAYVIEW ACQUISITION CORP - OABAY INC. TO RECEIVE US$300
MILLION
IN EQUITY OF OABAY HOLDING COMPANY
* BAYVIEW ACQUISITION CORP - COMBINED COMPANY WILL HAVE AN
IMPLIED
INITIAL ENTERPRISE VALUE OF APPROXIMATELY US$393 MILLION
* BAYVIEW ACQUISITION CORP - UPON CLOSING OF MERGERS, PUBCO
IS
EXPECTED TO BECOME A NASDAQ-LISTED PUBLIC COMPANY TRADING UNDER
A NEW TICKER SYMBOL
* BAYVIEW ACQUISITION CORP - OABAY INC. MERGER TO CLOSE H2
2024
Source text for Eikon: ID:nGNX7lw5lR
Further company coverage: BAYA.O
((Reuters.Briefs@thomsonreuters.com;))
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