Cohen Circle I (NASDAQ:CCIRU) has entered into a definitive agreement to combine with telecom and digital services company Kyivstar at a pro forma equity value of $2.2 billion, or 3.6x its 2024E adjusted EBITDA. Kyivstar is the market-leading mobile operator and broadband provider in Ukraine with 2 million more users on its digital TV platform...
Relativity (NASDAQ:RACY) has entered into a definitive agreement to combine with wellness firm Instinct Brothers at a pro forma enterprise value of $242 million. Tokyo-based Instinct Brothers provides anti-aging treatments both through an in-person clinic and through consumer cosmetic products. The combined company is expected to trade on the Nasdaq under the symbol “BIOT” once...
Helix II (NASDAQ:HLXB) has entered into a definitive agreement to combine with cancer drug developer BridgeBio at an enterprise value of $360 million. San Francisco-based BridgeBio is developing a trio of potential treatments specifically targeting the KRAS mutation in some lung, breast, pancreatic, and colon cancers. The combined company is expected to trade on the...
Arogo Capital (OTC:AOGO) has entered into a definitive agreement to combine with Thai telecom Bangkok Tellink at a $350 million transaction value. Bangkok Tellink provides mobile phone service and eSIMS to the Thai market and operates as a virtual network aggregator in the country. Transaction Overview Arogo has less than $100,000 estimated in its current...
Quetta Acquisition Corp. (NASDAQ:QETA) has entered into a definitive agreement to combine with auto equipment manufacturer KM QUAD for $300 million in equity consideration. Jiujiang, China-based KM Quad, also known as Lida Technology, produces automotive protective films such as window tinting as well as specialized films used in construction and battery use. The combined company...
Nabors Energy Transition Corp. II (NASDAQ:NETD) has signed a definitive agreement to combine with energy management firm e2Companies at an enterprise value of $770 million, or 26.8x its 2024 revenue. Bonita Springs, Florida-based e2 produces smart generators that electrify off-grid sites and provide power optimizing services to reduce energy costs at high-demand locations. The combined...
Rising Dragon (NASDAQ:RDAC) has entered into a definitive agreement to combine with logistics technology firm HZJL Cayman for $350 million in initial share consideration. Hangzhou, China-based HZJL provides marketing services for small and medium-sized businesses through an online software application. The combined company is expected to trade on the Nasdaq. Transaction Overview Rising Dragon has...
Black Spade II (NASDAQ:BSII) has entered into a definitive agreement to combine with World Media and Entertainment Universal at an equity value of $488 million. World Media is a bundle of assets including fashion publications and hotel properties held by AMTD Group and its subsidiaries. The combined company is expected to trade on a US...
Israel Acquisitions (NASDAQ:ISRL) has entered into a definitive agreement to combine with delivery drone developer Gadfin at an equity value of up to $200 million. Rehovot, Israel-based Gadfin has developed a line of cargo drones designed for medical and industrial applications. The combined company is expected to trade on the Nasdaq once the deal is...
Embrace Change (NASDAQ:EMCG) has entered into a definitive agreement to combine with tire manufacturer Tianji Global at a $450 million equity valuation. Jiaozuo, China-based Tianji manufactures vehicle tires that are distributed through about 200 sales outlets. The combined company is expected to trade on the Nasdaq once the deal is completed by mid-2025. Transaction Overview...