Compass Digital Acquisition Inks Pact With Eew Renewables: Proposed Business Combination Implies Enterprise Value Of $386M, Assuming $25M Total Left From Trust Proceeds And Transaction Financing At $10.00 Per Share
Portfolio Pulse from Nabaparna Bhattacharya
Compass Digital Acquisition (CDAQ) has announced a business combination with EEW Renewables, valuing the enterprise at $386 million. The deal is expected to close in Q1 2025, with EEW shareholders owning 79% of the new entity. The combined company plans to list on Nasdaq.
September 06, 2024 | 11:36 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Compass Digital Acquisition (CDAQ) is merging with EEW Renewables, with an enterprise value of $386 million. The deal is expected to close in Q1 2025, subject to approvals, and the combined company will list on Nasdaq.
The merger with EEW Renewables is a significant event for CDAQ, potentially increasing its market presence and value. The planned Nasdaq listing could attract more investors, positively impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100