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CRSA - Crescent Acquisition News Story

$10.08 -0.0  -0.2%

Last Trade - 07/08/20

Sector
Financials
Size
Mid Cap
Market Cap £476.6m
Enterprise Value £476.0m
Revenue £n/a
Position in Universe 2722nd / 6362

BRIEF-F45 Training And Crescent Acquisition Corp Announce Merger

Wed 24th June, 2020 7:09pm
June 24 (Reuters) - Crescent Acquisition Corp  CRSA.O :
    * F45 TRAINING AND CRESCENT ACQUISITION CORP ANNOUNCE MERGER
TO
CREATE A LEADING PUBLICLY-TRADED GLOBAL FITNESS TRAINING AND
LIFESTYLE BRAND
    * CRESCENT ACQUISITION CORP - COMBINED COMPANY IS
ANTICIPATED TO
HAVE AN ENTERPRISE VALUE OF $845 MILLION
    * CRESCENT ACQUISITION CORP - F45 TRAINING CEO ADAM
GILCHRIST TO
CONTINUE LEADING COMBINED COMPANY
    * CRESCENT ACQUISITION CORP - COMBINED CO WILL RETAIN F45
TRAINING
HOLDINGS INC. NAME AND WILL TRADE ON NASDAQ EXCHANGE, IN DEAL
    * CRESCENT ACQUISITION - EXISTING F45 SHAREHOLDERS ARE
EXPECTED TO
BE ISSUED ABOUT 53.3 MILLION SHARES IN COMBINED CO
    * CRESCENT ACQUISITION CORP - CURRENT F45 SHAREHOLDERS WILL
HOLD
ABOUT 60% OF COMBINED CO AT CLOSING
    * CRESCENT ACQUISITION CORP - F45 TRAINING CEO ADAM
GILCHRIST TO
CONTINUE LEADING COMBINED CO
    * CRESCENT ACQUISITION CORP - CLOSING OF TRANSACTION IS
EXPECTED
IN Q3 OF 2020

Source text for Eikon:  ID:nBw3q19bda 
Further company coverage:  CRSA.O 

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