Perfect Corp. has successfully completed its business combination with Provident Acquisition Corp., resulting in its shares trading on the NYSE under the ticker symbols PERF and PERF WS on October 31, 2022. The merger positions Perfect, a leader in augmented reality and AI solutions for the beauty industry, to expand its market presence and innovate further. CEO Alice Chang expressed excitement about leveraging global capital for growth, while CEO Michael Aw highlighted the strategic partnership's potential for sustainable returns.
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Perfect Corp. and Provident Acquisition Corp. announced the approval of their business combination, expected to close on October 28, 2022. The merger, with an enterprise value of approximately US$1.02 billion, will provide Perfect with about US$118.5 million in gross proceeds to support its growth initiatives. Following the closure, Perfect's shares will begin trading on the NYSE under the ticker symbols PERF and PERF WS on October 31, 2022. Perfect is a leader in AR and AI solutions for the beauty and fashion industry.
Perfect Corp., a leader in AR and AI SaaS solutions for the beauty industry, has announced that its registration statement for a business combination with Provident Acquisition Corp. (NASDAQ: PAQC) has been declared effective by the SEC. An extraordinary general meeting (EGM) of Provident shareholders is scheduled for October 25, 2022, to approve the merger. Provident recommends shareholders vote 'FOR' all proposals. The transaction aims to make Perfect a publicly traded company on the NYSE, enhancing its market presence and growth potential.