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New Deal


Announced

Suntuity Renewables failed to go public via a SPAC merger with Beard Energy Transition Acquisition in a $249m deal.

Financials

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Transaction Value£200m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Reverse Takeover

Single Bidder

Private

Domestic

De-SPAC

United States

semiconductor manufacturing

Private Equity

Friendly

Majority

Semiconductors

Acquisition

Failed

Synopsis

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Suntuity Renewables, a provider of renewable energy solutions, failed to go public via a SPAC merger with Beard Energy Transition Acquisition, a blank cheque company, in a $249m deal. The parties mutually agreed to terminate their business combination agreement.

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