Research

Nabors Energy Transition Corp. (NETC) Merger with Vast Solar (Private)

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February 17, 2023 Redemption Rate 0% Transaction Price (Assumed) $10.20 per share Enterprise Value $250 million Market Cap Value $586 million Cash in Trust Less: Redemption Payments Less: Any Stock Buyback Tax (Excise Tax) Add: Proceeds of Convertible Financing Add: Proceeds of PIPE Financing Less: SPAC + Target Transaction Expenses *Denotes estimated figures by CPC …

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A SPAC I Acquisition Corp. (ASCA) Merger with NewGenIvf (Private)

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February 17, 2023 Redemption Rate 47.42% (Shares redeemed in connection with Charter Extension) Assumed Transaction Price $10.00 per share Enterprise Value *$66.23 million [Market Cap (-) Cash in Trust OR *$103.53 million (-) $37.3 million] Market Cap Value *$103.53 million Participant Agents/Other Business Partners of Purchasers and its subsidiaries Other Participants Initial Grants Not more …

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GigCapital5, Inc. (GIA) Merge with QT Imaging (Private)

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December 15, 2022 $151 million Add: Sum of all the exercise prices of all in the money Target warrants Add: Target closing cash Add: Paid Target transaction expenses (paid by Target before closing) Less: Closing Debt of Target after conversion not exceeding $4.00 million Less: Aggregate transaction expenses in excess of $4.00 million *Denotes estimated …

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