SACH Pte. Ltd. Announces Merger Agreement with <a href="https://laohu8.com/S/QUMSU">Quantumsphere</a> Acquisition Corporation, Combined Company to List on NASDAQ
SACH Pte. Ltd., a Singapore-based company operating across the gaming, technology, e-commerce, retail, and live events sectors, has entered into an agreement and plan of merger with Quantumsphere Acquisition Corporation $(QUMS)$. Under the terms of the proposed transaction, SACH and its affiliates will become wholly owned subsidiaries of the merged entity, with the combined company expected to be listed on the NASDAQ Global Market. The deal implies a pre-money equity value of approximately $300 million for SACH and is anticipated to provide up to $82.8 million in cash proceeds to fund SACH's ongoing business and operations, assuming no redemptions and before transaction-related expenses. Current SACH shareholders are expected to retain their full equity and hold a substantial majority stake in the combined company.
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