Brief: Tristar Acquisition I Corp And Helport Limited Sign Definitive Business Combination Agreement.
13/11/2023 15:02
Nov 13 (Reuters) - Tristar Acquisition I Corp TRIS.N :
* TRISTAR ACQUISITION I CORP - TRISTAR ACQUISITION I CORP.
AND
HELPORT LIMITED SIGN DEFINITIVE BUSINESS COMBINATION AGREEMENT.
* TRISTAR ACQUISITION I CORP - HELPORT'S EQUITY HOLDERS WILL
TRANSITION 100% OF THEIR EQUITY TO COMBINED ENTITY, HELPORT AI
LIMITED
* TRISTAR ACQUISITION I CORP - TRANSACTION IS EXPECTED TO
PROVIDE
UP TO US$130 MILLION IN GROSS PROCEEDS FROM CASH HELD IN
TRISTAR'S TRUST ACCOUNT
* TRISTAR ACQUISITION I CORP - PARTIES CONTEMPLATE RAISING A
NEW
PIPE INVESTMENT OF APPROXIMATELY US$25 MILLION
Further company coverage: TRIS.N
((Reuters.Briefs@thomsonreuters.com;))
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