Printed: Sept. 5, 2023 at 8:30 a.m. ET
By Dean Seal
ScanTech Identification Beam Techniques plans to go public by combining with the blank-check firm Mars Acquisition.
The particular objective acquisition firm and ScanTech, a supplier of computed-tomography baggage and cargo logistics screening expertise, stated Tuesday that they’ve entered right into a definitive enterprise mixture…
By Dean Seal
ScanTech Identification Beam Techniques plans to go public by combining with the blank-check firm Mars Acquisition.
The particular objective acquisition firm and ScanTech, a supplier of computed-tomography baggage and cargo logistics screening expertise, stated Tuesday that they’ve entered right into a definitive enterprise mixture settlement.
The mixed firm is anticipated to listing shares on Nasdaq below the ticker image STAI and have a post-transaction enterprise worth of $149.5 million, together with an fairness worth of $197.5 million and $48 million in internet money.
The deal is anticipated to shut within the first quarter of 2024.
Write to Dean Seal at dean.seal@wsj.com
