share_log

BRIEF-Prenetics To Become Publicly Traded On The Nasdaq Via Merger With Adrian Cheng's Artisan Acquisition Corp

reuters ·  Sep 16, 2021 06:06

Sept 15 (Reuters) - Artisan Acquisition Corp  ARTA.O :

* PRENETICS, A GLOBAL LEADER IN GENOMIC AND DIAGNOSTIC TESTING, TO BECOME PUBLICLY TRADED ON THE NASDAQ VIA MERGER WITH ADRIAN CHENG'S ARTISAN ACQUISITION CORP.

* ARTISAN ACQUISITION CORP -  TRANSACTION VALUES PRENETICS AT ENTERPRISE VALUE OF US$1.25 BILLION WITH A COMBINED EQUITY VALUE OF APPROXIMATELY US$1.7 BILLION

* ARTISAN ACQUISITION CORP - COMBINED COMPANY ("PUBCO")'S SECURITIES WILL BE TRADED ON NASDAQ UNDER TICKER SYMBOL "PRE"

* ARTISAN - DEAL HAS FULLY COMMITTED PIPE, FORWARD PURCHASE AGREEMENTS OF $120 MILLION FROM ASPEX, PAG, LIPPO, DRAGONSTONE, XEN CAPITAL, OTHERS

* ARTISAN ACQUISITION CORP - PRENETICS WILL RECEIVE PROCEEDS OF UP TO US$459 MILLION IN CASH

Source text for Eikon:  ID:nPn8MQW2Ha  Further company coverage:  ARTA.O

((reuters.briefs@thomsonreuters.com;))

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment