Forest Road Acquisition Corp II - Ordinary Shares - Class A

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Mergers / Acquisitions

Forest Road Acquisition Corp Ii and Hyperloop Transportation Technologies Entered Merger Agreement

Published: 11/22/2022 12:26 GMT
Forest Road Acquisition Corp II - Ordinary Shares - Class A (FRXB) - Forest Road Acquisition Corp Ii - Hyperloop Transportation Technologies Entered Merger Agreement With Co, to Trade Under Ticker "hype" Upon Closing.
Forest Road Acquisition Corp Ii - Issuance of $289 Million of Common Stock to Shareholders, Convertible Note Holders of Hyperlooptt at Deal Close.
Forest Road Acquisition Corp Ii - Combined Company Will Assume Outstanding Options and Warrants of Hyperlooptt.
Forest Road Acquisition Corp Ii - Hyperlooptt Expects to Receive Up to $330 Million of Net Proceeds, Assuming No Redemptions.
Forest Road Acquisition Corp Ii - Upon Closing of Transaction, Newly Combined Company Will Be Named "hyperloop Transportation Technologies''.
Forest Road Acquisition Corp Ii - Newly Combined Company Will Continue to Be Led by AndrÉs De LeÓn and Hyperlooptt Management Team.
Forest Road Acquisition Corp Ii - Deal Ascribes to Hyperlooptt Pre-money Equity Value of About $600 Million, Including Outstanding Options and Warrants.