Prime Impact Acquisition I - Ordinary Shares - Class A
NYSE:PIAI 4:00:00 PM EDT
Mergers / Acquisitions
Cheche Technology To Be Publicly Listed Through A Merger With Prime Impact Acquisition I
Published: 01/30/2023 14:19 GMT
Prime Impact Acquisition I - Ordinary Shares - Class A (PIAI) - Cheche Technology, a Leading Independent Technology Platform for Auto Insurance in China, to Be Publicly Listed Through a Merger With Prime Impact Acquisition I (nyse: Piai).
Prime Impact Acquisition I - Proposed Transaction Represents a Pre-money Equity Value of $760 Million for Cheche Technology.
Prime Impact Acquisition I - Proposed Transaction Represents an Implied Pro Forma Enterprise Value of Approximately $841 Million for Combined Company.
Prime Impact Acquisition I - Upon Closing, Cheche Technology's Shareholders Will Retain a Majority of Outstanding Shares of Combined Company.
Prime Impact Acquisition I - Upon Closing Cheche Technology Will Designate a Majority of Proposed Directors for Combined Company Board.
Prime Impact Acquisition I - Combined Company Will Continue to Be Led by Lei Zhang, Founder and Chief Executive Officer of Cheche Technology.
Prime Impact Acquisition I - Proposed Transaction is Expected to Result in Gross Proceeds of Approximately $68 Million to Cheche Technology.
Prime Impact Acquisition I - Upon Closing, Combined Company Will Be Listed on Nasdaq Under New Ticker Symbol Ccg.
Prime Impact Acquisition I - Proposed Transaction Represents a Pre-money Equity Value of $760 Million for Cheche Technology.
Prime Impact Acquisition I - Proposed Transaction Represents an Implied Pro Forma Enterprise Value of Approximately $841 Million for Combined Company.
Prime Impact Acquisition I - Upon Closing, Cheche Technology's Shareholders Will Retain a Majority of Outstanding Shares of Combined Company.
Prime Impact Acquisition I - Upon Closing Cheche Technology Will Designate a Majority of Proposed Directors for Combined Company Board.
Prime Impact Acquisition I - Combined Company Will Continue to Be Led by Lei Zhang, Founder and Chief Executive Officer of Cheche Technology.
Prime Impact Acquisition I - Proposed Transaction is Expected to Result in Gross Proceeds of Approximately $68 Million to Cheche Technology.
Prime Impact Acquisition I - Upon Closing, Combined Company Will Be Listed on Nasdaq Under New Ticker Symbol Ccg.