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Announced

GloriFi to go public via a SPAC merger with DHC Acquisition in a $1.7bn deal.

Financials

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Transaction Value£1,412m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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technology company

Acquisition

United States

Friendly

Single Bidder

biotechnology company

IT Services: Other

Domestic

Merger

Pending

Private

De-SPAC

Majority

Reverse Takeover

Synopsis

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GloriFi, a pro-America mission-driven technology company, agreed to go public via a SPAC merger with DHC Acquisition in a $1.7bn deal. “Consumers today overwhelmingly want to do business with companies who share their values. We believe that this is a vastly underserved market, and our combining unapologetically pro-America values with what we believe is best-in-class technology provides GloriFi with a powerful competitive advantage to lead this exciting growth category," Toby Neugebauer, GloriFi Founder & CEO.

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