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New Deal


Announced

Infrared Cameras to go public via a SPAC merger with SportsMap Tech Acquisition in a $100m deal.

Financials

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Transaction Value£81m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Merger

Majority

electronics manufacturing

Domestic

Private

Single Bidder

thermal imaging

Electronic Equipment: Other

United States

De-SPAC

Friendly

Acquisition

Reverse Takeover

Synopsis

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Infrared Cameras, a provider of intelligent thermal imaging platforms, agreed to go public via a SPAC merger with SportsMap Tech Acquisition in a $100m deal. “We believe ICI is poised for strong growth. The company has a strong value proposition, detecting the overheating of equipment in industrial settings. ICI also has assembled a strong management team to execute on the opportunity. We are delighted to combine our SPAC with ICI," David Gow, SportsMap CEO.

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