Freightos freezes hiring plan as it absorbs SPAC costs
High SPAC costs, and public scrutiny in a “cynical” market has clouded Freightos’ Q1 results, ...
SEEKING ALPHA reports:
– E-commerce company Packable agreed to go public through a deal with SPAC Highland Transcend Partners I (NYSE:HTPA) in a deal that values the combined company at enterprise value of $1.55B.
– Packable, which is backed by PE firm Carlyle Group (NASDAQ:CG), expects to add about $434M to its balance sheet through the transaction, according to a statement. This includes a $180M PIPE with investors including Fidelity Management, Lugard Road, Luxor Capital, Park West Asset and Morningside.
– The deal is expected to close ...
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