Brief: Prenetics To Become Publicly Traded On The Nasdaq Via Merger With Adrian Cheng's Artisan Acquisition Corp

Prenetics Global

15/09/2021 23:06

Sept 15 (Reuters) - Artisan Acquisition Corp  ARTA.O :
    * PRENETICS, A GLOBAL LEADER IN GENOMIC AND DIAGNOSTIC
TESTING, TO
BECOME PUBLICLY TRADED ON THE NASDAQ VIA MERGER WITH ADRIAN
CHENG'S ARTISAN ACQUISITION CORP.
    * ARTISAN ACQUISITION CORP -  TRANSACTION VALUES PRENETICS
AT
ENTERPRISE VALUE OF US$1.25 BILLION WITH A COMBINED EQUITY VALUE
OF APPROXIMATELY US$1.7 BILLION
    * ARTISAN ACQUISITION CORP - COMBINED COMPANY ("PUBCO")'S
SECURITIES WILL BE TRADED ON NASDAQ UNDER TICKER SYMBOL "PRE"
    * ARTISAN - DEAL HAS FULLY COMMITTED PIPE, FORWARD PURCHASE
AGREEMENTS OF $120 MILLION FROM ASPEX, PAG, LIPPO, DRAGONSTONE,
XEN CAPITAL, OTHERS
    * ARTISAN ACQUISITION CORP - PRENETICS WILL RECEIVE PROCEEDS
OF UP
TO US$459 MILLION IN CASH

Source text for Eikon:  ID:nPn8MQW2Ha 
Further company coverage:  ARTA.O 

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