Brief: Infrared Cameras Holdings, Inc., A Leading Provider Of Thermal Cameras And Infrared Systems, To List On Nasdaq Through Business Combination With Sportsmap Tech Acquisition Corp.
06/12/2022 12:49
Dec 6 (Reuters) - Sportsmap Tech Acquisition Corp SMAP.O :
* INFRARED CAMERAS HOLDINGS, INC., A LEADING PROVIDER OF THERMAL CAMERAS AND
INFRARED SYSTEMS, TO LIST ON NASDAQ THROUGH BUSINESS COMBINATION WITH SPORTSMAP
TECH ACQUISITION CORP.
* SPORTSMAP TECH ACQUISITION CORP - TRANSACTION VALUES COMBINED COMPANY AT A
PRE-MONEY EQUITY VALUATION OF $100 MILLION
* SPORTSMAP TECH ACQUISITION CORP - EXISTING ICI SHAREHOLDERS WILL ROLL 100%
OF
THEIR EQUITY INTO COMBINED COMPANY AS PART OF TRANSACTION
* SPORTSMAP TECH ACQUISITION CORP- DAVID GOW IS EXPECTED TO BECOME CHAIRMAN
OF
BOARD OF COMBINED COMPANY
* SPORTSMAP TECH ACQUISITION CORP - UPON CLOSING OF TRANSACTION, GARY
STRAHAN IS
EXPECTED TO CONTINUE TO SERVE AS CEO OF COMBINED COMPANY
* SPORTSMAP TECH ACQUISITION CORP - BOARDS OF DIRECTORS OF ICI AND SMAP HAVE
UNANIMOUSLY APPROVED TRANSACTION
* SPORTSMAP TECH ACQUISITION CORP - COMBINED CO WILL BE RENAMED INFRARED
CAMERAS
HOLDINGS, INC.
* SPORTSMAP TECH ACQUISITION - COMBINED CO WILL BE RENAMED INFRARED CAMERAS
HOLDINGS, INC., AND IS EXPECTED TO REMAIN LISTED ON THE NASDAQ UNDER A NEW
TICKER.
* SPORTSMAP TECH ACQUISITION CORP - ICI'S SENIOR MANAGEMENT ARE EXPECTED TO
CONTINUE TO SERVE IN THEIR CURRENT ROLES
Source text for Eikon: ID:nBwxdFlza
Further company coverage: SMAP.O
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