ScanTech Identification Beam Systems To Become A Publicly Traded Company Via Business Combination With Mars Acquisition Corp.
Portfolio Pulse from Happy Mohamed
ScanTech Identification Beam Systems and Mars Acquisition Corp. (NASDAQ:MARX) have announced a definitive business combination agreement that will result in ScanTech becoming a publicly listed company. The combined company is expected to have an estimated post-transaction enterprise value of $149.5 million. The business combination has been approved by the boards of directors of both companies and is expected to close in the first quarter of 2024.
September 05, 2023 | 12:01 pm
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Mars Acquisition Corp. (NASDAQ:MARX) is entering into a business combination agreement with ScanTech, which will result in ScanTech becoming a publicly listed company.
The business combination agreement with ScanTech could potentially increase the value of Mars Acquisition Corp. (NASDAQ:MARX) as the combined company is expected to have an estimated post-transaction enterprise value of $149.5 million.
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