Announced
Financials
Tags
De-SPAC
Reverse Takeover
Cross Border
Pending
Canada
food processing
Fruit and Grain Processing
Acquisition
Private
Friendly
Majority
Single Bidder
Merger
Synopsis
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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