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Evergreen (NASDAQ: EVGR) has announced a definitive merger agreement with Forekast , a technology managed services provider specializing in augmented intelligence. The combined company will operate as Forekast Group, valued at an enterprise value of $105 million. Forekast has demonstrated strong growth with a CAGR of over 20% in the past 5 years.
The merger aims to accelerate Forekast's growth, expand its market reach, and enhance its AI-powered solutions. The transaction is expected to close by the end of 2024, subject to customary closing conditions and shareholder approvals. Any remaining funds in EVGR's trust account will be used for R&D, marketing, market expansion, talent acquisition, and potential strategic acquisitions.
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