Brief: Digital Virgo Partnered With The World’S Largest Telco Companies
17/11/2022 12:20
Nov 17 (Reuters) - Goal Acquisitions Corp PUCK.O :
* DIGITAL VIRGO, A LEADING GLOBAL MOBILE ENTERTAINMENT AND
COMMERCE NETWORK PARTNERED WITH THE WORLD’S LARGEST TELCO
COMPANIES, WILL GO PUBLIC VIA BUSINESS COMBINATION WITH GOAL
ACQUISITIONS CORP.
* GOAL ACQUISITIONS CORP - BASED ON A $10 SHARE PRICE,
TRANSACTION
VALUES DIGITAL VIRGO AT AN ENTERPRISE VALUE OF APPROXIMATELY
$513 MILLION
* GOAL ACQUISITIONS CORP - PROPOSED BUSINESS COMBINATION IS
EXPECTED TO PROVIDE AT LEAST $100 MILLION OF GROWTH CAPITAL TO
COMPANY
* GOAL ACQUISITIONS-$125 MILLION TO BE PAID IN CASH &
REMAINDER IN
NEWLY-ISSUED SHARES OF CO & UP TO 5 MILLION SHARES OF COMMON
STOCK OF CO AT $10/SHARE
Source text for Eikon: ID:nBwbcx5cta
Further company coverage: PUCK.O
((Reuters.Briefs@thomsonreuters.com;))
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