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Logiq Signs LOI To Acquire Privately Held Operating Company

The preliminary confidential target valuation is between $225M and $300M. The transaction would be executed simultaneously with Logiq's pending Abri de-SPAC deal whereby the confidential target
byBenzinga Newsdesk
November 17, 2022
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  • The preliminary confidential target valuation is between $225M and $300M.
  • The transaction would be executed simultaneously with Logiq’s pending Abri de-SPAC deal whereby the confidential target acquisition would become a wholly owned subsidiary of Logiq.
  • Properly structured, post-transaction the combined entity is expected to apply for Nasdaq or NYSE up-listing and complete a significant capital raise
 
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