Brief: Maha Capital Enters Into LoI For Business Combination With BWIV
28/04/2026 06:25
April 28 (Reuters) - Maha Capital AB MAHAa.ST: MAHA CAPITAL ENTERS INTO LETTER OF INTENT FOR A BUSINESS COMBINATION WITH BWIV, A US SPAC WITH APPROXIMATELY USD 130 MILLION CASH, RESULTING IN A PUBLICLY TRADED COMPANY LISTED ON NEW YORK STOCK EXCHANGE TRANSACTION IS EXPECTED TO BE NEGOTIATED BASED ON A REFERENCE VALUATION REFLECTING MAHA’S EQUITY MARKET CAPITALIZATION OF ABOUT SEK 4.52 BILLION (ABOUT USD 490 MILLION) TRANSACTION IS EXPECTED TO BE STRUCTURED AS A SO-CALLED DE-SPAC MERGER, MEANING THAT BWIV WOULD ACQUIRE MAHA’S SUBSIDIARIES INCLUSIVE OF THEIR RESPECTIVE ASSETS AND CONTRACTS, TO FORM A PUBLICLY TRADED COMPANY PARTIES INTEND TO NEGOTIATE DEFINITIVE AGREEMENTS AND PURSUE CLOSING WITHIN AN EXPECTED TIMEFRAME OF APPROXIMATELY NINETY DAYS Source text: ID:nMFN43DVq3 Further company coverage: [MAHAa.ST] (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))