Brief: Scantech Identification Beam Systems To Become Publicly Traded Company Via Merger With Mars Acquisition Corp.

ScanTech AI Systems

05/09/2023 13:11

Sept 5 (Reuters) - Scantech Identification Beam Systems:
    * SCANTECH IDENTIFICATION BEAM SYSTEMS,LLC- KARL BRENZA WILL
BE
APPOINTED AS CHAIRMAN OF BOARD OF PUBCO IMMEDIATELY AFTER
CLOSING (CORRECTS SOURCE)
    * SCANTECH IDENTIFICATION BEAM SYSTEMS, LLC-  UPON CLOSING
ANTICIPATED THAT MARS' PUBLIC SHAREHOLDERS WILL RETAIN AN
OWNERSHIP INTEREST OF ABOUT 42% OF COMBINED CO (CORRECTS SOURCE)
    * SCANTECH IDENTIFICATION BEAM SYSTEMS TO BECOME A PUBLICLY
TRADED
COMPANY VIA BUSINESS COMBINATION WITH MARS ACQUISITION CORP.
    * SCANTECH IDENTIFICATION BEAM SYSTEMS TO BECOME A PUBLICLY
TRADED
COMPANY VIA BUSINESS COMBINATION WITH MARS ACQUISITION CORP.
    * SCANTECH IDENTIFICATION BEAM SYSTEMS, LLC- COMBINED
COMPANY IS
EXPECTED TO HAVE AN ESTIMATED POST-TRANSACTION ENTERPRISE VALUE
OF $149.5 MILLION

Further company coverage:  MARX.O 

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