(CercleFinance.com) – Metavisio (Thomson Computing) and an American company incorporated as a Special Purpose Acquisition Company (SPAC), whose securities are listed on the Nasdaq Capital Market, entered in exclusive negotiations for a proposed business combination under which the combined entity would be listed on Nasdaq.
Following the Proposed Transaction, Metavisio intends to step up its international development and release new office and gaming PC models for the e-sports market, these new products will be launched in the United States. States with global development prospects.
“The Nasdaq listing should give the combined company, post-closing, a platform to access the US market and US investors, among other benefits,” the company said.
The transaction would likely be structured as an acquisition of 100% of Metavisio’s share capital on a fully diluted basis.
The proposed transaction would be based on an estimated enterprise value of Metavisio which should be in the range between 140 and 160 million dollars (USD), subject to the results of due diligence, for 100% of the capital of Metavisio on a fully diluted base.
The consideration for the acquisition of Metavisio securities from Metavisio shareholders is expected to consist of shares newly issued by the combined entity.
SPAC and Metavisio have agreed to respect an initial exclusivity period of 30 days.
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