MergerLinks - Benuvia terminates the $440m SPAC merger with Pono Capital.

New Deal

Announced

18 Mar 2022

Benuvia terminates the $440m SPAC merger with Pono Capital.

Financials

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Transaction Value£352m

Consideration TypeCash

Capital Owned-

Capital Bid For100%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

target

BENUVIA

bidder

Pono Capital

Sources

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Press Release

Pono Capital - 10 Aug 2022

Press Release

Pono Capital - 18 Mar 2022

Tags

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Domestic

Acquisition

Single Bidder

Pharmaceuticals

De-SPAC

United States

Majority

Failed

Private

Friendly

active pharmaceutical ingredients

Reverse Takeover

Synopsis

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Benuvia, a developer of active pharmaceutical ingredients, terminates the $440m SPAC merger with Pono Capital, a blank cheque company.

Service Providers

Dealmakers (2)

Shannon Soqui

Dustin Shindo

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