Brief: VNV Global’s Portfolio Company Gett To Become Publicly Traded On Nasdaq Via SPAC Merger With Rosecliff Acquisition Corp I

VNV Global AB (publ)

10/11/2021 13:35

Nov 10 (Reuters) - VNV Global AB (publ)  VNV.ST :
    * VNV GLOBAL’S PORTFOLIO COMPANY GETT TO BECOME PUBLICLY
TRADED ON
NASDAQ VIA SPAC MERGER WITH ROSECLIFF ACQUISITION CORP I
    * TRANSACTION IS EXPECTED TO CLOSE IN FIRST HALF OF 2022
    * TRANSACTION IMPLIES A PRO FORMA ENTERPRISE VALUATION FOR
GETT OF
APPROXIMATELY USD 1.0 BILLION
    * VNV GLOBAL'S ECONOMIC INTEREST IN COMBINED ENTITY,
ASSUMING
REFERENCE SHARE PRICE OF USD 10.0 PER SHARE, IS EXPECTED BE
VALUED AT APPROXIMATELY USD 150 MILLION, CONSISTING OF
APPROXIMATELY 6.6 MILLION SHARES

Source text for Eikon:  ID:nMFN3wzx5l 
Further company coverage:  VNV.ST 

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