Brief: Otonomo To List On Nasdaq Through A Business Combination With Software Acquisition Group Inc II

Urgent.ly

01/02/2021 11:55

Feb 1 (Reuters) - Otonomo Technologies Ltd:
    * OTONOMO, LEADING PLATFORM AND MARKETPLACE FOR VEHICLE
DATA, TO
LIST ON NASDAQ THROUGH A BUSINESS COMBINATION WITH SOFTWARE
ACQUISITION GROUP INC. II
    * OTONOMO TECHNOLOGIES - TRANSACTION IMPLIES AN EQUITY VALUE
OF
APPROXIMATELY $1.4 BILLION
    * OTONOMO TECHNOLOGIES-FOLLOWING TARGETED CLOSING OF
TRANSACTION
IN Q2 OF 2021, COMBINED COMPANY WILL BE LISTED ON NASDAQ UNDER
TICKER SYMBOL "OTMO"
    * OTONOMO TECHNOLOGIES - CURRENT OTONOMO SHAREHOLDERS WILL
OWN A
MAJORITY OF COMBINED COMPANY AT CLOSING
    * OTONOMO TECHNOLOGIES- FOLLOWING DEAL OTONOMO'S MANAGEMENT
TEAM
WILL OPERATE COMBINED CO WITH BEN VOLKOW CONTINUING AS CHIEF
EXECUTIVE OFFICER

Source text for Eikon:  ID:nBw7vx6qWa 

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