科森哲将通过与Spac合并上市

07:31 AM EST, 12/10/2021 (MT Newswires) -- Corcentric, a provider of payments, accounts payable and accounts receivable technology to enterprise and middle-market companies, said Friday that it is set to become a publicly listed company via a merger with special purpose acquisition company North Mountain Merger Corp. (NMMC).

The combined entity will be called Corcentric Inc. and is expected to have an implied pro forma enterprise value of about $1.2 billion at closing.

Concentric will receive $182 million from the deal, including $132 million that North Mountain has in trust and a private investment in public equity, or PIPE, of $50 million

Corcentric's existing shareholders are expected to own about 81% of the combined company, which will be led by Concentric founder and CEO Douglas Clark and president and COO Matthew Clark.

The deal, which has been approved by the boards of both companies, is expected to close in Q2 of 2022.