Brief: Nogin, A Commerce-As-A-Service Platform, To Become Publicly Traded Through Combination With Software Acquisition Group III

Nogin

14/02/2022 21:47

Feb 14 (Reuters) - Software Acquisition Group III Inc  SWAG.O :
    * NOGIN, A LEADING COMMERCE-AS-A-SERVICE PLATFORM, TO BECOME PUBLICLY TRADED
THROUGH COMBINATION WITH SOFTWARE ACQUISITION GROUP III
    * SOFTWARE ACQUISITION GROUP III INC - NOGIN SHAREHOLDERS WILL ROLL 96% OF
THEIR
EXISTING EQUITY HOLDINGS INTO COMBINED COMPANY
    * SOFTWARE ACQUISITION GROUP III INC - BUSINESS COMBINATION IMPLIES A PRO
FORMA
ENTERPRISE VALUE OF $646 MILLION, WITH UP TO $191 MILLION IN CASH TO FUND GROWTH
    * SOFTWARE ACQUISITION GROUP III INC - BUSINESS COMBINATION IMPLIES A PRO
FORMA
ENTERPRISE VALUE OF $646 MILLION
    * SOFTWARE ACQUISITION GROUP III INC - NOGIN SHAREHOLDERS WILL ROLL 96% OF
THEIR
EXISTING EQUITY HOLDINGS INTO COMBINED COMPANY
    * SOFTWARE ACQUISITION GROUP III INC - BOARDS OF DIRECTORS OF EACH OF SWAG
III AND
NOGIN APPROVED TRANSACTION
    * SOFTWARE ACQUISITION GROUP III INC - COMBINED CO WILL BE NAMED NOGIN, INC.
AND
IS EXPECTED TO REMAIN LISTED ON NASDAQ UNDER NEW TICKER SYMBOL "NOGN."
    * SOFTWARE ACQUISITION GROUP III INC - CASH PROCEEDS FROM TRANSACTION WILL
CONSIST
OF UP TO $211 MILLION OF CASH
    * SOFTWARE ACQUISITION GROUP III INC - NOGIN SHAREHOLDERS ARE EXPECTED TO
OWN
APPROXIMATELY 67% OF COMBINED COMPANY
    * SOFTWARE ACQUISITION GROUP III INC - TRANSACTION IS EXPECTED TO CLOSE IN
Q2 OF
2022

Source text for Eikon:  ID:nGNXc398js 
Further company coverage:  SWAG.O