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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.
Perfect Corp. and Provident Acquisition Corp. announced the approval of their business combination, expected to close on
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.
Provident Acquisition Corp. has successfully closed its initial public offering (IPO) of 23 million units at $10.00 each, including an over-allotment of 3 million units. Trading began on Nasdaq under the symbol 'PAQCU' on January 8, 2021. Each unit comprises one Class A ordinary share and half a redeemable warrant, with whole warrants priced at $11.50 per share. The Company aims to pursue a merger or acquisition, focusing on consumption-focused companies with high growth potential in Southeast Asia's technology sector. Citigroup Global Markets Inc. served as the sole bookrunner.
Provident Acquisition Corp. announced its initial public offering (IPO) pricing of 20 million units at $10.00 each, to be listed on Nasdaq as 'PAQCU' starting January 8, 2021. Each unit comprises one Class A ordinary share and a half warrant, allowing share purchases at $11.50. The offering aims to facilitate mergers or acquisitions, primarily focusing on consumption-driven companies in Southeast Asia's technology sector. Citigroup acts as the sole bookrunner, with a potential for an additional 3 million units for over-allotments. The offering is set to close on January 12, 2021.
