Brief: Nuvini And Mercato Partners Acquisition Corporation Announce Business Combination Transaction

Nvni

27/02/2023 13:11

Feb 27 (Reuters) - Mercato Partners Acquisition Corp
 MPRA.O :
    * NUVINI AND MERCATO PARTNERS ACQUISITION CORPORATION
ANNOUNCE
BUSINESS COMBINATION TRANSACTION
    * ALL EXISTING NUVINI SHAREHOLDERS ARE EXPECTED TO ROLL 100%
OF
THEIR EQUITY HOLDINGS INTO COMBINED COMPANY
    * COMBINED COMPANY TO HAVE AN ENTERPRISE VALUE OF ABOUT $312
MILLION
    * PROPOSED BUSINESS COMBINATION EXPECTED TO PROVIDE
APPROXIMATELY
$43 MILLION IN GROSS PROCEEDS
    * COMBINED COMPANY WILL OPERATE UNDER "NUVINI" NAME
    * COMBINED COMPANY'S ORDINARY SHARES ARE EXPECTED TO BE
LISTED ON
NASDAQ STOCK MARKET UNDER TICKER SYMBOL "NVNI"
    * FOLLOWING CLOSE , NUVINI'S FOUNDER PIERRE SCHURMANN WILL
CONTINUE AS CEO

Source text for Eikon:  ID:nPnblMqjwa 
Further company coverage:  MPRA.O 

 ((Reuters.Briefs@thomsonreuters.com))