Brief: Perfect Corp To List On Nasdaq By Merging With Provident Acquisition Corp

Cyberlink

03/03/2022 12:48

March 3 (Reuters) - Provident Acquisition Corp  PAQC.O :
    * PERFECT CORP., A LEADING AR AND AI SAAS SOLUTION PROVIDER
IN
BEAUTY AND FASHION INDUSTRIES, TO LIST ON NASDAQ BY MERGING WITH
PROVIDENT ACQUISITION CORP
    * PROVIDENT ACQUISITION CORP - ENTERPRISE VALUE OF PERFECT
CORP.
AT US$1.02 BILLION
    * PROVIDENT ACQUISITION CORP - BUSINESS COMBINATION IS
EXPECTED TO
PROVIDE PERFECT CORP. WITH UP TO US$335 MILLION IN GROSS
PROCEEDS
    * PROVIDENT ACQUISITION - PIPE DEAL ANCHORED BY INVESTORS
INCLUDING CHANEL, CYBERLINK, SHISEIDO AND SNAP, AS WELL AS
REPUTABLE FINANCIAL INVESTORS
    * PROVIDENT ACQUISITION CORP - COMBINED COMPANY WILL BE
NAMED
PERFECT CORP. AND WILL BE LISTED ON THE NASDAQ UNDER THE TICKER
SYMBOL "PERF"
    * PROVIDENT ACQUISITION - PERFECT IS BACKED BY INVESTORS,
INCLUDING CYBERLINK, SNAP INC, GOLDMAN SACHS ASSET MANAGEMENT,
ALIBABA GROUP, AMONG OTHERS

Further company coverage:  PAQC.O 

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