MNG Airlines to go public via a SPAC merger with Golden Falcon Acquisition in a $676m deal.

MNG Airlines, is a transportation company, agreed to go public via a SPAC merger with Golden Falcon Acquisition, a special purpose acquisition company, in a $676m deal. “We screened over 500 companies and conducted in-depth due diligence on many companies and our process resulted in identifying a company that offers the market a differentiated, high-quality business. We believe MNGA is an exceptional opportunity among DeSPAC business combinations, with a strong growth profile, profitability, cash flow generation, and priced at what we believe is the lowest EBITDA multiple of any business combination closed to date in 2022, which is why we believe it is such a compelling investment opportunity,” Makram Azar, Golden Falcon CEO.