Global SPAC Partners Co - Units (1 Subunit & 1/2 War)

:GLSPU   2:34:01 PM EDT
10.18
-0.04 (-0.41%)
Exchange Changes, Mergers / Acquisitions, Equity Financing / Related

Gorilla Technology Group Inc To Become Publicly Traded Through Proposed Business Combination With Global SPAC Partners Co.

Published: 12/22/2021 06:53 GMT
Global SPAC Partners Co - Units (1 Subunit & 1/2 War) (GLSPU) - Gorilla Technology Group Inc., a Global Provider of Edge Video Analytic Ai Technology, to Become Publicly Traded Through Proposed Business Combination With Global Spac Partners Co.
Transaction Values Gorilla at a Proforma Enterprise Value of Approximately $708 Million Usd.combined Co Will Be Named Gorilla Technology Group Inc & Plans to Be Listed on Nasdaq Under Anticipated Ticker "grrr".
Provides Up to $169 Million USD in Gross Proceeds From Cash Held in Global's Trust Account (assuming No Redemptions).
Global Spac Partners - Existing Gorilla Shareholders Will Receive No Cash Consideration, and Will Retain All of Their Current Equity Interests.
Global Spac Partners-closing is Conditioned Upon Global Having at Least $50mln in Gross Cash Proceeds at Closing From Either Global's Trust,other Sources.
Board of Directors of Gorilla and Global, Respectively, Have Approved Transaction.