Market News / Story
KOYN to Merge With First Digital in $250 Million De-SPAC, Creating Cayman PubCo
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KOYN signed a Business Combination Agreement to merge with First Digital in a de-SPAC transaction valuing the company at $250 million. The multi-step deal includes a redomiciliation, reincorporation merger into a Cayman PubCo, and a subsequent acquisition merger that will make First Digital a wholly owned subsidiary of PubCo. To support the closing and post-merger market, the parties executed or plan to execute shareholder and sponsor support agreements, lock-ups,…