Brief: Big Tree Cloud Enters Into Definitive Merger Agreement With Plutonian Acquisition Corp

Plutonian Acquisition

11/10/2023 01:59

Oct 10 (Reuters) - Plutonian Acquisition Corp  PLTNU.O :
    * BIG TREE CLOUD ENTERS INTO DEFINITIVE MERGER AGREEMENT
WITH
PLUTONIAN ACQUISITION CORP. (NASDAQ: PLTN)
    * PROPOSED TRANSACTION REFLECTS AN INITIAL EQUITY VALUE OF
APPROXIMATELY US$500 MILLION
    * UPON CLOSING, CURRENT SHAREHOLDER OF BIG TREE CLOUD WILL
RETAIN
A MAJORITY OF OUTSTANDING SHARES OF COMBINED BUSINESS
    * BIG TREE CLOUD WILL DESIGNATE A MAJORITY OF PROPOSED
DIRECTORS
FOR COMBINED COMPANY'S BOARD.
    * PROPOSED TRANSACTION VALUES COMBINED COMPANY AT A PRICE OF
US$10.00 PER SHARE

Source text for Eikon:  ID:nPn3HY9VNa 
Further company coverage:  PLTNU.O 

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