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Conference/Events
Malacca Straits Acquisition management to meet virtually with BTIG » 04:55
07/22/21
07/22
04:55
07/22/21
04:55
MLAC

Malacca Straits Acquisition

$9.90 /

+ (+0.00%)

Virtual Meetings to be…

Virtual Meetings to be held on July 21-22 hosted by BTIG.

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MLAC Malacca Straits Acquisition
$9.90 /

+ (+0.00%)

Conference/Events
Malacca Straits Acquisition management to meet virtually with BTIG » 04:55
07/21/21
07/21
04:55
07/21/21
04:55
MLAC

Malacca Straits Acquisition

$9.90 /

+0.02 (+0.20%)

Virtual Meetings to be…

Virtual Meetings to be held on July 21-22 hosted by BTIG.

ShowHide Related Items >><<
MLAC Malacca Straits Acquisition
$9.90 /

+0.02 (+0.20%)

Conference/Events
Malacca Straits Acquisition management to meet virtually with BTIG » 12:59
07/14/21
07/14
12:59
07/14/21
12:59
MLAC

Malacca Straits Acquisition

$9.92 /

+0.02 (+0.20%)

Virtual Meetings to be…

Virtual Meetings to be held on July 21-22 hosted by BTIG.

ShowHide Related Items >><<
MLAC Malacca Straits Acquisition
$9.92 /

+0.02 (+0.20%)

Over a quarter ago
Hot Stocks
Asia Vision Network to combine with Malacca Straits Acquisition » 07:22
03/22/21
03/22
07:22
03/22/21
07:22
MLAC

Malacca Straits Acquisition

$9.86 /

-0.03 (-0.30%)

Asia Vision Network and…

Asia Vision Network and Malacca Straits Acquisition Company announced that they have entered into a definitive business combination agreement. The transaction implies a pro-forma enterprise value of $573M. AVN will continue after the business combination as a new Indonesian US-listed holding company and is expected to trade on NASDAQ. The transaction is expected to close in late Q2 or early Q3 2021. AVN is combining with Malacca Straits with the intent to list AVN on NASDAQ, the deepest capital market in the world and on the U.S. exchange, in order to give global investors access to Indonesia's fastest OTT and streaming business. This is where investors will appreciate the growth profile of this company, positioned among secular and economic tailwinds in Indonesia's economy and expanded middle class. The business combination values the combined company at $573 million post-money pro forma enterprise value and will result in approximately $135 million of net proceeds to the company's balance sheet, assuming that there are no redemptions by Malacca's public stockholders or purchase price adjustments. n the business combination, a newly-formed Cayman Islands subsidiary of AVN will merge with and into Malacca Straits, with Malacca Straits surviving the merger as a wholly-owned subsidiary of AVN, and with AVN becoming the successor US-listed company to Malacca Straits. It is anticipated that, following the business combination, AVN's American Depositary Receipts representing ordinary shares and AVN's warrants to acquire ADRs will be listed on NASDAQ. In the merger, outstanding securities of Malacca Straits will be replaced by replacement securities of AVN, with the replacement AVN ordinary shares being held by The Bank of New York Mellon as the depository, and with the Bank of New York Mellon delivering ADRs of AVN to Malacca Straits' security holders. Each Malacca Straits shareholder will receive an ADR representing one AVN ordinary share in exchange for each MLAC ordinary share that they hold; and each Malacca Straits warrant will become a warrant to purchase one ADR. MNC Group will roll 100% of its equity in AVN, and will receive additional AVN ordinary shares in connection with the merger so that when combined with its existing shares, it will own a number of shares reflecting a pre-money enterprise value of AVN of $530 million, subject to certain purchase price adjustments and indemnification obligations, with each AVN ordinary share valued at the price per share paid to each Malacca Straits public shareholder who redeems their MLAC shares in connection with the business combination. The consummation of the transaction is subject to the accuracy of the respective parties' representations and warranties, the approval of the transaction and related matters by Malacca Straits' shareholders and the other closing conditions set forth in the business combination agreement. The transaction has no minimum cash closing condition. The board of directors of AVN and Malacca Straits have each unanimously approved the business combination which is expected to close in late Q2 or early Q3 2021.

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