Twelve Seas Investment Company II /
Crystal Lagoons
Twelve Seas II to combine with Crystal Lagoons
What happened
Twelve Seas Investment Company II entered into a merger agreement with CL Newco Inc., identified as “Crystal Lagoons,” and other parties on Dec. 22, 2023. The planned business combination includes two mergers, with Crystal Lagoons becoming a wholly owned subsidiary of Twelve Seas II.
The consideration includes 35,000,000 shares of New Purchaser Common Stock valued at $10.00, with up to 1,225,000 additional shares potentially issuable based on post-closing share-price performance.
Who is involved, and the source
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Advisers
Target
- Legal adviser to the targetGreenberg Traurig, LLPAdviser profile
Advisers are not parties to the deal.
Twelve Seas II to combine with Crystal Lagoons
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