Events.com, an event management platform leveraging artificial intelligence, has announced a merger agreement with Concord Acquisition Corp II (CNDA). The merger is set to take Events.com public with a valuation of $314 million before investments, translating to a total enterprise value of $399 million. The newly public company, to be listed on the New York Stock Exchange under the ticker symbol ‘RSVP’, retains co-founders Mitch Thrower and Stephen Partridge as CEO and President/COO, respectively, and gains Bob Bellack as CRO. The funding facilitated by a $100 million Share Subscription Facility from Gem Global Yield SCS will drive product development, strategic acquisitions, and AI enhancements. Current shareholders will maintain a majority stake post-merger.
Event Management, Artificial Intelligence, Finance,United States
https://mergersacquisitions.einnews.com/article/738606475/i_RzmgDpAqziJcJX?ref=rss&ecode=Q1vNcweEggLWKz7L