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New Deal


Announced

TKB Critical Technologies 1 to merge with Wejo Group.

Financials

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Transaction Value-
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Reverse Takeover

Merger

Majority

Cross Border

Friendly

Auto Services

connected car

United Kingdom

Acquisition

Public

De-SPAC

Pending

Single Bidder

Synopsis

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TKB Critical Technologies 1, a blank check company, agreed to merge with Wejo Group, a British connected vehicle data start-up. Financial terms were not disclosed. "This transaction is transformative for Wejo, providing significant funding progress in our bridge to profitability and allowing us to make critical investments in our technology platform and product portfolio. The deal signifies a clear recognition that Wejo’s market differentiating Smart Mobility for Good products and services are world-class and positions the company to invest and capitalize on the expected tidal wave of business growth opportunities," Richard Barlow, Wejo CEO.

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