secwatch.observer — SEC 8-K summary
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Issuer:     Crown PropTech Acquisitions (CPTKW)
CIK:        0001827899
Form:       8-K
Filed at:   2021-11-10T23:59:59+00:00
Accession:  0001104659-21-136619
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brivo to go public via SPAC merger with Crown at $808M enterprise value
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- Merger values Brivo at $808M enterprise value; existing Brivo shareholders roll 100% of equity for 69% ownership.
- Up to $304M in cash proceeds including a $75M PIPE led by Golub Capital; strategic PIPE investor Eagle Eye Networks.
- Brivo projects $417M revenue and $290M ARR in 2025, representing 2021E-2025E CAGRs of 55% and 70%.
- Transaction expected to close in H1 2022; combined company to trade as BRVS on NYSE.
- Brivo serves 44,500+ customer accounts with 23M active users across 42 countries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1827899/000110465921136619/0001104659-21-136619-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1827899/000110465921136619/tm2132319d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-136619

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