SDCL EDGE Acquisition Reports LOI For Business Combination With Magnet Joint Venture GmbH And Certain Assets Of KME SE Comprising KME Specialty Aerospace Business
Portfolio Pulse from Benzinga Newsdesk
SDCL EDGE Acquisition has reported a Letter of Intent (LOI) for a business combination with Magnet Joint Venture GmbH and certain assets of KME SE, comprising KME Specialty Aerospace Business. Post-business combination, KME is expected to hold a majority stake in the entity, which will be listed on the New York Stock Exchange.
August 21, 2023 | 10:35 am
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SDCL EDGE Acquisition's business combination with Magnet Joint Venture GmbH and KME SE's assets could potentially increase the company's market presence and value.
The business combination could potentially increase SDCL EDGE Acquisition's market presence and value, as it would result in a majority stake in a NYSE-listed entity. This could attract more investors and potentially increase the company's stock price.
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