Brief: Leafly To Go Public Through Business Combination With Merida Merger Corp I

Leafly Holdings

09/08/2021 15:14

Aug 9 (Reuters) - Merida Merger Corp I  MCMJ.O :
    * LEAFLY TO GO PUBLIC THROUGH BUSINESS COMBINATION WITH
MERIDA
MERGER CORP I
    * MERIDA MERGER CORP I  - TRANSACTION VALUES COMBINED
COMPANY AT
AN IMPLIED, FULLY DILUTED ENTERPRISE VALUE OF APPROXIMATELY $385
MILLION
    * MERIDA MERGER CORP I - CEO YOKO MIYASHITA AND CURRENT
MANAGEMENT
TEAM WILL CONTINUE TO LEAD COMPANY POST-CLOSING
    * MERIDA MERGER CORP I - DEAL VALUES COMBINED CO AT IMPLIED,
FULLY
DILUTED ENTERPRISE VALUE OF ABOUT $385 MILLION AND EQUITY VALUE
OF ABOUT $532 MILLION
    * MERIDA MERGER CORP I - EXISTING SHAREHOLDERS TO ROLL 100%
OF
THEIR EXISTING STAKE INTO COMBINED COMPANY
    * MERIDA MERGER CORP I - TRANSACTION IS EXPECTED TO GENERATE
PROCEEDS OF UP TO $161.5 MILLION, SUBJECT TO ANY REDEMPTIONS BY
MERIDA STOCKHOLDERS
    * MERIDA MERGER CORP I - EXISTING LEAFLY SHAREHOLDERS UPON
CLOSING, EXPECTED TO OWN ABOUT 72% OF COMBINED CO ON PRO FORMA
BASIS
    * MERIDA MERGER CORP I - UPON COMPLETION , MERIDA WILL ADOPT
LEAFLY NAME AND ITS COMMON STOCK IS EXPECTED TO BE LISTED ON
NASDAQ UNDER LFLY

Source text for Eikon:  ID:nPn1Y3fbca 
Further company coverage:  MCMJ.O 

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