2023-05-01 16:27:24 ET
SPAC Bite Acquisition Corp. ( NYSE: BITE ) plans to merge with Above Food (ABVE), a Canadian producer of plant-based food ingredients and products.
The deal pegs the enterprise value of Above Food at around $319M. After the closing, which is expected during the second half of the year, shares of the combined company are seen trading on NYSE under the symbol ABVE.
Bite held its initial public offering in March 2021, raising $200M. The SPAC transferred its stock, units and warrants from NYSE to NYSE American in February.
For further details see:
Canadian agritech Above Food to merge with SPAC Bite