Tiger Brokers

BRIEF-Satellogic To Go Public Through Merger With Cantor Fitzgerald's Cf Acquisition Corp. V

Reuters
Jul 06, 2021

July 6 (Reuters) - CF Acquisition Corp V :

* SATELLOGIC, A LEADER IN SATELLITE EARTH IMAGERY, TO GO PUBLIC THROUGH MERGER WITH CANTOR FITZGERALD’S CF ACQUISITION CORP. V

* CF ACQUISITION CORP V - COMBINATION VALUES SATELLOGIC AT AN IMPLIED PRO FORMA ENTERPRISE VALUE OF $850 MILLION

* CF ACQUISITION CORP V - AFTER CLOSING, SATELLOGIC WILL TRADE ON NASDAQ UNDER TICKER SYMBOL SATL

* CF ACQUISITION CORP V - DEAL EXPECTED TO RESULT IN CASH ON BALANCE SHEET OF UP TO ABOUT $274 MILLION, AFTER TRANSACTION EXPENSES AND DEBT REPAYMENT

* CF ACQUISITION CORP V - INSTITUTIONAL INVESTORS COMMITTED TO PARTICIPATE IN DEAL THROUGH PIPE OF $100 MILLION, INCLUDING SOFTBANK'S SBLA ADVISERS

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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