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DALLAS, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Parabellum Acquisition Corp. (NYSE: PRBM.U) announced stockholder approval to extend its business combination deadline from March 30, 2023, to September 30, 2023. This is achieved through six one-month extensions, costing $185,000 each. The company previously entered a Business Combination Agreement with EnOcean GmbH, aiming for a merger that will transition EnOcean into a public company as EnOcean Holdings, N.V. The merger targets innovations in energy harvesting technology for the Internet of Things (IoT).
EnOcean GmbH and Parabellum Acquisition Corp have announced a definitive business combination agreement enabling EnOcean to become publicly listed. This merger values EnOcean at $120 million and is projected to generate approximately $146.5 million in gross proceeds. EnOcean, a leader in energy harvesting IoT devices, aims to utilize the capital for growth and strategic acquisitions. The transaction is expected to close in the first half of 2023, pending necessary approvals.
Parabellum Acquisition Corp. announced on November 1, 2022, that it is facing delisting of its warrants from the NYSE due to low trading prices. The decision follows a notification from NYSE Regulation, citing the warrants' unsuitability for listing. The Company plans to appeal this determination. Parabellum focuses on potential mergers and acquisitions in the IoT sector, targeting businesses valued between $300 million and $1 billion.
Parabellum Acquisition Corp. (NYSE: PRBM.U) announced that starting October 26, 2021, holders of 14,375,000 units from its IPO can trade Class A common stock and warrants separately. Class A shares will trade under the symbol “PRBM,” and warrants under “PRBM.WS.” Each unit consists of one share of Class A common stock and three quarters of a warrant, with whole warrants trading only. The offering was managed by B. Riley Securities, and details are available through their final prospectus filed with the SEC.
Parabellum Acquisition Corp. (NYSE: PRBM.U) has announced the exercise of an overallotment option by underwriters for its public offering, resulting in an additional issuance of 1,875,000 units at a price of $10.00 each. This brings the total units issued to 14,375,000, raising aggregate proceeds to $143,750,000. The units began trading on September 28, 2021, comprising one share of common stock and three-quarters of a redeemable warrant. The offering's final terms have been filed with the SEC, with B. Riley Securities acting as the sole book running manager.
DALLAS, Sept. 30, 2021 – Parabellum Acquisition Corp. (NYSE: PRBM.U) announced the successful closing of its IPO, offering 12,500,000 units at $10.00 each. Each unit includes one share of common stock and three-quarters of a redeemable warrant, with each whole warrant allowing the purchase of one common share at $11.50.
The units began trading on the NYSE under 'PRBM.U' on Sept. 28, 2021. Parabellum, a blank-check company, aims to merge with businesses valued between $300 million and $1 billion, focusing on proprietary technologies within the IoT sector.
On September 27, 2021, Parabellum Acquisition Corp. (NYSE: PRBM.U) priced its initial public offering at $10.00 per unit, raising funds with plans to focus on businesses in the Internet of Things sector. The offering includes 12,500,000 units, each comprising one share of common stock and three-quarters of a redeemable warrant. The units will begin trading on the NYSE under the symbol “PRBM.U” on September 28, 2021. Parabellum aims to target firms with enterprise values between $300 million and $1 billion and will close the offering on September 30, 2021, pending customary conditions.
