Announced
Completed
Financials
Tags
Private
Acquisition
Friendly
Domestic
Majority
pressure control
United States
production equipment
Reverse Takeover
De-SPAC
Merger
Single Bidder
Production Technology Equipment
Completed
Synopsis
Force Pressure Control, a surface pressure control solutions provider, went public via a SPAC merger with Stratim Cloud Acquisition, a publicly traded special purpose acquisition company, in a $240m deal. “Today marks an incredible milestone for our Company and is the beginning of a true partnership with SCAC. As we embark on our journey towards becoming a public company, we believe SCAC’s vast capital markets expertise will provide critical insights as we execute and scale, increasing our competitive advantages and enabling us to further capture market share through continued expansion,” Jacob Startz, Force Pressure Control CEO.
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