Brief: Movella, A Global Leader In Digitization Of Movement, To Become Publicly Traded On Nasdaq Via Business Combination With Pathfinder Acquisition Corporation

Movella Holdings

04/10/2022 14:02

Oct 4 (Reuters) - Pathfinder Acquisition Corp  PFDR.O :
    * MOVELLA, A GLOBAL LEADER IN DIGITIZATION OF MOVEMENT, TO
BECOME
PUBLICLY TRADED ON NASDAQ VIA BUSINESS COMBINATION WITH
PATHFINDER ACQUISITION CORPORATION
    * PATHFINDER ACQUISITION CORP - TRANSACTION VALUES MOVELLA
AT A
PRO FORMA ENTERPRISE VALUE OF APPROXIMATELY $537 MILLION
    * PATHFINDER ACQUISITION CORP - EXISTING SHAREHOLDERS OF
MOVELLA
WILL ROLL 100% OF THEIR OWNERSHIP INTO COMBINED COMPANY
    * PATHFINDER ACQUISITION CORP - TRANSACTION IS SUPPORTED BY
$75
MILLION OF COMMITTED FINANCING FROM AFFILIATES OF FRANCISCO
PARTNERS

Source text for Eikon:  ID:nBw1fgbxxa 
Further company coverage:  PFDR.O 
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