Highland Transcend Partners I Corp - Ordinary Shares - Class A

NYSE:HTPA   3:42:52 PM EDT
9.91
-0.01 (-0.10%)
Debt Financing / Related, Other Pre-Announcement, Mergers / Acquisitions

Packable Announces Merger With Highland Transcend Partners I Corp

Published: 09/09/2021 11:50 GMT
Highland Transcend Partners I Corp - Ordinary Shares - Class A (HTPA) - Packable, a Leading Technology-led E-commerce Marketplace Enablement Platform, Announces Merger With Highland Transcend Partners I Corp.
Highland Transcend Partners I Corp - Combined Company Expected to Have a Pro Forma Enterprise Value of $1.550 Billion.
Highland Transcend Partners I Corp - Deal Includes $180 Million Significantly Oversubscribed and Upsized Pipe Offering.
Highland Transcend Partners I Corp - Combined Company Expected to Have Implied Pro Forma Equity Value of $1.909 Billion.
Highland Transcend Partners I Corp - Upon Completion of Transaction, Packable is Expected to Be Listed on Nyse Under New Ticker Symbol "pkbl".
Highland Transcend Partners I Corp - As a Result of Transaction, Packable Expects to Add Approximately $434 Million in Cash on Its Balance Sheet.
Highland Transcend Partners I Corp - Combined Company Will Have Pro Forma Ownership of About 71% Existing Shareholders, 19% Spac, Founder Shares.
Highland Transcend Partners I Corp - Combined Company Will Have 11% Pipe and Convert Investors.
Highland Transcend Partners I Corp - Existing Packable Shareholders Will Be Eligible to Receive Up to 12 Million Additional Earnout Shares.