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New Deal


Announced

Tomorrow Crypto Group to go public via a SPAC merger with Globalink Investment in a $310m deal.

Financials

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Transaction Value£271m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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crypto mining

United States

Private

Domestic

Majority

Merger

Single Bidder

Friendly

Digital Services

De-SPAC

Reverse Takeover

Acquisition

Pending

Synopsis

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Tomorrow Crypto Group, a crypto miner, agreed to go public via a SPAC merger with Globalink Investment, a blank cheque company, in a $310m deal. "We are thrilled to be entering this transaction with Globalink to become a public company on Nasdaq. With access to new sources of capital and liquidity, Tomorrow Crypto will be able to seize more growth opportunities in the constantly evolving blockchain market. In addition, we believe that through our combined teams and expertise, Tomorrow Crypto can better position itself to become one of the world's leading professional crypto mining players and a significant supporter of the global blockchain ecosystem," Mingliu Wang, Tomorrow Crypto CEO.

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