Brief: Sakuu To Become Publicly Traded Company Via Business Combination With Plum Acquisition Corp. I

Veea

02/03/2023 22:39

March 2 (Reuters) - Plum Acquisition I Corp  PLMI.O :
    * SAKUU TO BECOME PUBLICLY TRADED COMPANY VIA BUSINESS
COMBINATION
WITH PLUM ACQUISITION CORP. I
    * PLUM ACQUISITION I CORP - TRANSACTION IMPLIES AN
ENTERPRISE
VALUE OF APPROXIMATELY USD $705 MILLION
    * PLUM ACQUISITION I CORP - PROPOSED BUSINESS COMBINATION
TRANSACTION IS ANTICIPATED TO RESULT IN GROSS PROCEEDS OF
APPROXIMATELY USD $100 MILLION IN CASH
    * PLUM ACQUISITION I CORP - COMBINED CO WILL BE RENAMED
SAKUU
HOLDINGS INC., EXPECTED TO BE LISTED ON A US NATIONAL EXCHANGE
UNDER TICKER SYMBOL "SAKU."
    * PLUM ACQUISITION I CORP - SAKUU'S CURRENT EQUITY HOLDERS
ARE
EXPECTED TO OWN ABOUT 80% OF PRO FORMA COMBINED CO

Source text for Eikon:  ID:nBw4xPBlfa 
Further company coverage:  PLMI.O 

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