Kubient, Adomni Enter Definitive Merger Agreement,
Portfolio Pulse from Benzinga Newsdesk
Kubient is set to acquire 100% of Adomni's outstanding equity interests through a reverse triangular merger, with Adomni becoming a wholly-owned subsidiary of Kubient. Post-merger, Kubient is expected to change its name to Adomni, Inc.
May 24, 2023 | 8:14 pm
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Kubient's acquisition of Adomni will result in Adomni becoming a wholly-owned subsidiary of Kubient, with Kubient changing its name to Adomni, Inc.
The acquisition of Adomni by Kubient will result in a significant change in the company's structure and ownership. Adomni's equity holders will own approximately 74% of the combined company, while Kubient's equity holders will own approximately 26%. This merger is likely to have a positive short-term impact on Kubient's stock price as it expands the company's reach and capabilities.
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IMPORTANCE 80
RELEVANCE 100