Global Consumer Acquisition Corp

NASDAQ:GACQ   12:52:23 PM EDT
9.93
+0.03 (+0.30%)
Debt Financing / Related

Global Consumer Acquisition Enters Into Business Combination Agreements With GP Global And Luminex

Published: 12/13/2021 15:05 GMT
Global Consumer Acquisition Corp (GACQ) - Global Consumer Acquisition Corp.
Enters Into Business Combination Agreements With Gp Global and Luminex to Build a Global Air Care Platform.
Global Consumer Acquisition Corp - Transaction Values Combined Entity at an Enterprise Value of Approximately $507.1 Million.
Global Consumer Acquisition Corp - Combined Entity Has a Forecasted 2022 Revenue of Approximately $553 Million.
Global Consumer Acquisition - Transaction is Expected to Provide Ascense Brands With Approximately $117.5 Million in Cash Proceeds to Its Balance Sheet.
Global Consumer Acquisition Corp - Gacq Will Acquire All of Issued and Outstanding Equity Securities of Each of Gp Global and Luminex.
Global Consumer Acquisition Corp - Gautham Pai, Gacq's Co-chairman of Board, Will Roll His Existing Equity Holdings in Gp Global Into Ascense Brands.
Global Consumer Acquisition Corp - Gacq Will Change Its Name to Ascense Brands Inc. and Will Trade on Nasdaq Under New Ticker Symbol 'scnt'.