Sio Silica to go public via merger with Pyrophyte Acquisition in a $708m deal.

Financials

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Transaction Value£578m

Consideration TypeCash

Capital Owned-

Capital Bid For100%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

target

Sio Silica Corporation

bidder

Pyrophyte Acquisition Corp

Sources

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Press Release

Sio Silica - 13 Nov 2023

Tags

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Friendly

General Mining

De-SPAC

Canada

silica sand

silica resource

Cross Border

Majority

Private

Reverse Takeover

Pending

Merger

Single Bidder

Synopsis

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Sio Silica, a Canadian silica sand producer and supplier, agreed to go public via merger with Pyrophyte Acquisition, a blank check company, in a $708m deal. “We are excited to partner with Pyrophyte to become a leading producer of high-purity quartz silica,” Feisal Somji, Sio CEO.

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Dealmakers