890 5th Avenue Partners Inc - Ordinary Shares - Class A

NASDAQ:ENFA   3:56:23 PM EDT
9.88
-0.03 (-0.30%)
Exchange Changes, Mergers / Acquisitions, Equity Financing / Related

Buzzfeed, The Leading, Culture-Defining Platform For Digital Content And Commerce, To Become A Publicly Listed Company Through Merger With 890 Fifth Avenue Partners, Inc.

Published: 06/24/2021 13:55 GMT
890 5th Avenue Partners Inc - Ordinary Shares - Class A (ENFA) - Buzzfeed, the Leading, Culture-defining Platform for Digital Content and Commerce, to Become a Publicly Listed Company Through Merger With 890 Fifth Avenue Partners, Inc.890 5th Avenue Partners Inc - Buzzfeed's Implied Valuation at Deal-closing Will Be $1.5 Billion.
890 5th Avenue Partners Inc - Buzzfeed Also Announces Plans to Acquire Complex Networks.
890 5th Avenue Partners Inc - Proceeds From Combination Will Include Up to $288 Million in Trust and an Additional $150 Million in Convertible Note Financing.
890 5th Avenue Partners Inc - Buzzfeed Has Also Secured Approximately $150 Million in Convertible Note Financing Led by Redwood Capital Management.
890 5th Avenue Partners Inc - Parent Co Will Be Known As Buzzfeed Inc. and Trade Its Shares of Stock on a Public Exchange Under Ticker Symbol "bzfd".
890 5th Avenue Partners Inc - Buzzfeed's Management Team Will Remain in Place.
890 5th Avenue Partners Inc - Transaction Includes an Additional $150 Million in Convertible Note Financing Led by Redwood Capital Management.
890 5th Avenue Partners Inc - $300 Million Acquisition of Complex Networks is Made Up of $200 Million in Cash and $100 Million of Equity in Buzzfeed.
890 5th Avenue Partners - Adam Rothstein, Executive Chairman of 890 Fifth Avenue Partners and Greg Coleman, Will Join Buzzfeed's Board.