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New Deal


Announced

Above Food to go public via a SPAC merger with Bite Acquisition in a $319m deal.

Financials

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Transaction Value£253m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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De-SPAC

Reverse Takeover

Cross Border

Pending

Canada

food processing

Fruit and Grain Processing

Acquisition

Private

Friendly

Majority

Single Bidder

Merger

Synopsis

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Above Food, a food company leveraging its vertically integrated supply chain, agreed to go public via a SPAC merger with Bite Acquisition, a special purpose acquisition company, in a $319m deal. “We started Above Food with the intent to drive positive change across the entire food chain. More recently, as food insecurity escalates and the global food supply chain becomes more fragile and subject to disruption, we believe Above Food is well-positioned to ensure communities and consumers around the globe have access to nutritious ingredients that are grown and harvested according to sustainable farming methods," Lionel Kambeitz, Above Food Chair, President and CEO.

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