青尼羅河將通過SPAC合併上市

08:09 AM EDT, 06/13/2022 (MT Newswires) -- Mudrick Capital Acquisition Corporation II (MUDS), a special purpose acquisition company, said Friday that it agreed to merge with Blue Nile, an online retailer of diamonds and jewelry, which will result in Blue Nile as a public listed company on Nasdaq.

The transaction is expected to produce about $450 million of capital before expenses, assuming there are no redemptions by public stockholders of the blank check company, it said. The amount includes $50 million of new preferred equity from Mudrick Capital and $80 million of committed capital from sponsors Bain Capital Private Equity, Bow Street, Adama Partners, and Mudrick Capital, it said.

The SPAC said that current Blue Nile shareholders will keep 39% of the combined company's pro forma equity. The pro forma implied equity value is $873 million, while its enterprise value is about $683 million, it said.

Both Blue Nile and the SPAC's boards have approved the combination, although the transaction still requires authorization from Mudrick Capital Acquisition Corporation II's stockholders, it said.

The transaction is expected to close in Q4 2022, it said.