Brief: Data Software Platform Semantix To Become Publicly Traded On Nasdaq Via Spac Merger With Alpha Capital

Semantix

17/11/2021 12:16

Nov 17 (Reuters) - Alpha Capital Acquisition Co  ASPC.O :
    * DATA SOFTWARE PLATFORM SEMANTIX TO BECOME PUBLICLY TRADED
ON
NASDAQ VIA SPAC MERGER WITH ALPHA CAPITAL
    * ALPHA CAPITAL ACQUISITION CO - COMBINED COMPANY WILL HAVE
A PRO
FORMA ENTERPRISE VALUE OF $693 MILLION
    * ALPHA CAPITAL ACQUISITION CO - TRANSACTION IS FUNDED WITH
$324
MILLION
    * ALPHA CAPITAL ACQUISITION CO - A $94 MILLION PIPE HAS
ALREADY
BEEN COMMITTED BY TOP INSTITUTIONAL INVESTORS AND EXISTING
SEMANTIX SHAREHOLDERS
    * ALPHA CAPITAL ACQUISITION CO - SEMANTIX EXPECTS TO RECEIVE
$324
MILLION IN PRIMARY PROCEEDS
    * ALPHA CAPITAL ACQUISITION CO - OWNERSHIP STRUCTURE
FOLLOWING
TRANSACTION IS EXPECTED TO BE 62.5% EXISTING SEMANTIX
SHAREHOLDERS
    * ALPHA CAPITAL ACQUISITION CO - CURRENT SEMANTIX MANAGEMENT
WILL
ALSO PARTICIPATE IN AN EARNOUT BASED ON FUTURE SHARE PRICE
PERFORMANCE
    * ALPHA CAPITAL ACQUISITION - SEMANTIX WILL HAVE AN IMPLIED
EQUITY
VALUE OF ABOUT $1 BILLION, ASSUMING A $10.00 PER SHARE PRICE AND
NO TRUST REDEMPTIONS

Source text for Eikon:  ID:nBw2XPY94a 
Further company coverage:  ASPC.O 

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