Cozen O’Connor has advised Xtribe P.L.C., a platform connecting sellers and local buyers, on its definitive agreement to merge with WinVest Acquisition Corp., a publicly traded SPAC. This business combination, valued at $141 million, will result in the new entity being listed on Nasdaq as Xtribe Holdings Limited. The transaction is slated to close by late 2024, contingent upon certain closing conditions. Post-closing, Xtribe’s shareholders will retain a majority of shares and possess the right to appoint a majority of the initial board of directors. Cozen O’Connor’s team, led by Christian Moretti, managed the legal advisory.

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