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BRIEF-F45 Training And Crescent Acquisition Corp Announce Merger
2020-06-25 02:09
June 24 (Reuters) - Crescent Acquisition Corp :
* F45 TRAINING AND CRESCENT ACQUISITION CORP ANNOUNCE MERGER TO CREATE A LEADING PUBLICLY-TRADED GLOBAL FITNESS TRAINING AND LIFESTYLE BRAND
* CRESCENT ACQUISITION CORP - COMBINED COMPANY IS ANTICIPATED TO HAVE AN ENTERPRISE VALUE OF $845 MILLION
* CRESCENT ACQUISITION CORP - F45 TRAINING CEO ADAM GILCHRIST TO CONTINUE LEADING COMBINED COMPANY
* CRESCENT ACQUISITION CORP - COMBINED CO WILL RETAIN F45 TRAINING HOLDINGS INC. NAME AND WILL TRADE ON NASDAQ EXCHANGE, IN DEAL
* CRESCENT ACQUISITION - EXISTING F45 SHAREHOLDERS ARE EXPECTED TO BE ISSUED ABOUT 53.3 MILLION SHARES IN COMBINED CO
* CRESCENT ACQUISITION CORP - CURRENT F45 SHAREHOLDERS WILL HOLD ABOUT 60% OF COMBINED CO AT CLOSING
* CRESCENT ACQUISITION CORP - F45 TRAINING CEO ADAM GILCHRIST TO CONTINUE LEADING COMBINED CO
* CRESCENT ACQUISITION CORP - CLOSING OF TRANSACTION IS EXPECTED IN Q3 OF 2020
Source text for Eikon: Further company coverage:
((Reuters.Briefs@thomsonreuters.com;)
