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On August 30, 2021, 468 SPAC I SE issued an ad-hoc statement that it has entered into a definitive business combination agreement with Boxine, a cloud-connected kid's audio entertainment business and the company behind the Tonies children audio entertainment system. Upon closing of the Transaction, the combined entity will be listed on the Frankfurt Stock Exchange and be named “Boxine”. It will be led by Boxine’s current management team.
The Transaction values the combined company at a pro-forma equity value of € 990m and pro-forma enterprise value of € 870m. The transaction remains subject to the approval of the SPAC’s shareholders and the satisfaction of certain customary closing conditions. Its realisation is expected during the 4th quarter of 2021. The combined...
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