Quartzsea Acquisition Corporation /
Broadway Technology Inc
Quartzsea Acquisition Corporation to combine with Broadway Technology Inc
What happened
Quartzsea Acquisition Corporation entered into a merger agreement with Broadway Technology Inc. The transaction will give the Purchaser 100% of Broadway Technology Inc’s issued and outstanding equity securities.
The aggregate consideration is $520,000,000, payable in newly issued Purchaser Ordinary Shares. Broadway Technology Inc manufactures PET cups and lids through its operating subsidiary Zhejiang Gaokai New Materials Co., Ltd.
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Quartzsea Acquisition Corporation to combine with Broadway Technology Inc
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