Yucaipa收购股东批准SPAC与SIGNA Sports即将合并

05:57 AM EST, 12/14/2021 (MT Newswires) -- Blank-check firm Yucaipa Acquisition (YAC) said Monday its shareholders have approved the company's pending merger with SIGNA Sports that would facilitate the US listing of the sports e-commerce and technology platform.

The companies have begun the final procedures toward the closing of the merger, which is expected this Tuesday.

Upon closing, the combined company is expected to have a pro-forma enterprise value of $3.2 billion and at least $484 million in proceeds.

Shares of Yucaipa were up 6.5% during the recent premarket trading activity on Tuesday.