Asian Digital-Media Company TNL Mediagene Agrees To Become Publicly Listed Company On Nasdaq Through Merger With Blue Ocean Acquisition Corp
Portfolio Pulse from Benzinga Newsdesk
TNL Mediagene, an Asian digital-media company, has agreed to merge with Blue Ocean Acquisition Corp, a SPAC, in a deal that values TNL Mediagene at $275 million. The transaction is expected to close in Q1 2024, resulting in TNL Mediagene becoming a publicly traded company on Nasdaq.
June 06, 2023 | 10:33 am
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Blue Ocean Acquisition Corp (BOCN) is set to merge with TNL Mediagene, valuing the latter at $275 million. The deal is expected to close in Q1 2024.
The merger with TNL Mediagene will result in the company becoming publicly traded on Nasdaq, which could attract more investors and increase the stock price of Blue Ocean Acquisition Corp (BOCN) in the short term. The deal also values TNL Mediagene at $275 million, indicating a potentially significant addition to BOCN's portfolio.
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