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Announced

Noventiq to go public via a SPAC merger with Corner Growth Acquisition.

Financials

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

Tags

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Friendly

Domestic

Single Bidder

De-SPAC

Acquisition

Private

Majority

Pending

Merger

Reverse Takeover

it solutions

IT Services: Other

Russian Federation

cybersecurity sotware licensing

integrated technology solutions

private and public cloud solutions

Synopsis

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Noventiq, a global solutions and services provider in digital transformation and cybersecurity, agreed to go public via a SPAC merger with Corner Growth Acquisition, a special purpose acquisition company. Financial terms were not disclosed. “Today’s announcement is a significant step towards our objective to realise the true fundamental value of Noventiq for all of our stakeholders. We have built a great company with a very strong track record for growth, and a partnership with Corner Growth is an exciting move as we look ahead to a potential listing on Nasdaq. Corner Growth’s team has a strong history with companies in the emerging markets, helping to generate added sales channels, contract opportunities, and access to significant customer networks at the highest levels," Jacques Guers, Noventiq Chairman.

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