Brief: F45 Training And Crescent Acquisition Corp Announce Merger

LiveVox Holdings

24/06/2020 19:09

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;))