Mount Rainier Acquisition Corp - Ordinary Shares - Class A

NASDAQ:RNER   3:33:54 PM EDT
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Exchange Changes, Equity Financing / Related, Initial Public Offerings

Hub Security To Become Publicly Traded On Nasdaq Through Business Combination With Mount Rainier Acquisition Corp

Published: 03/23/2022 11:38 GMT
Mount Rainier Acquisition Corp - Ordinary Shares - Class A (RNER) - Hub Security, Developer of Confidential Computing Solutions for Enterprises & Governments, to Become Publicly Traded on Nasdaq Through Business Combination With Mount Rainier Acquisition Corp.
Mount Rainier Acquisition Corp - Business Combination Implies Pro Forma Enterprise Value of Approximately $1.28 Billion.
Mount Rainier Acquisition - Hub Entered Subscription Agreements With Institutional Investors for About $50 Million Through a Private Placement.
Mount Rainier Acquisition - Combined Company Will Operate Under "hub Security" Name, Expected to Be Listed on Nasdaq Under New Ticker Symbol "hubc".
Mount Rainier Acquisition - Current Hub Shareholders to Retain 100% of Equity, Will Continue to Own About 81% of Combined Co on a Pro Forma Basis.
Mount Rainier Acquisition - Hub's Founder, Chief Executive Officer, Eyal Moshe and Current Management Team Will Continue to Lead Combined Company.
Mount Rainier Acquisition Corp - Eyal Moshe Will Continue to Own Approximately 7% of Combined Company on a Pro Forma Basis.