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MSI - Motorola Solutions Inc News Story

$200.65 -1.2  -0.6%

Last Trade - 17/05/21

Sector
Technology
Size
Large Cap
Market Cap £24.30bn
Enterprise Value £27.05bn
Revenue £5.34bn
Position in Universe 376th / 6846

BRIEF-Evolv Technology To Become Publicly Traded Through Merger With Newhold Investment

Mon 8th March, 2021 12:23pm
March 8 (Reuters) - Newhold Investment Corp  NHIC.O :
    * EVOLV TECHNOLOGY, THE LEADER IN AI-ENABLED TOUCHLESS
SECURITY
SCREENING, TO BECOME PUBLICLY TRADED THROUGH MERGER WITH NEWHOLD
INVESTMENT CORP.
    * NEWHOLD INVESTMENT CORP - COMBINED COMPANY EXPECTED TO
HAVE A
POST-TRANSACTION PRO FORMA TOTAL ENTERPRISE VALUE OF
APPROXIMATELY $1.25 BILLION
    * NEWHOLD INVESTMENT CORP - COMBINED COMPANY EXPECTED TO
HAVE
TOTAL EQUITY VALUE OF APPROXIMATELY $1.7 BILLION
    * NEWHOLD INVESTMENT CORP - COMBINED COMPANY INTENDS TO
REMAIN
LISTED ON NASDAQ UNDER TICKER SYMBOL "EVLV"
    * NEWHOLD INVESTMENT - $300 MILLION PIPE ANCHORED BY
MOTOROLA
SOLUTIONS & INVESTORS INCLUDING MAGNETAR CAPITAL, ELDRIDGE,
SENATOR INVESTMENT GROUP & UBS O'CONNOR
    * NEWHOLD INVESTMENT CORP - ALL CURRENT EVOLV STOCKHOLDERS,
INCLUDING BILL GATES, LUX CAPITAL, OTHERS WILL RETAIN EQUITY
HOLDINGS THROUGH CLOSING
    * NEWHOLD INVESTMENT CORP - FOLLOWING CLOSING OF
TRANSACTION,
COMPANY WILL BE LED BY PETER GEORGE
    * NEWHOLD INVESTMENT - KEVIN CHARLTON, CEO OF NEWHOLD AND
NEIL
GLAT, BOARD MEMBER OF NEWHOLD, WILL JOIN EVOLV'S BOARD OF
DIRECTORS

Source text for Eikon:  ID:nBwbQVbGwa 
Further company coverage:  NHIC.O 
    

 ((Reuters.Briefs@thomsonreuters.com;))
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