m_and_a
confidence high
sentiment neutral
materiality 0.80
ESH Acquisition Corp. enters $500M business combination with The Original Fit Factory
ESH Acquisition Corp.
- Total consideration of $500M payable in PubCo common stock at $10.00 per share.
- TOFF must achieve FY 2025 EBITDA of at least $9.1M and raise $20M in equity financing.
- Sponsor founder shares subject to cancellation (40%) if performance conditions met; potential earn-out at $12.50 VWAP.
- Post-closing board: 7 directors, 4 from TOFF and 3 from ESH.
- Closing targeted by April 30, 2026; subject to stockholder approval and regulatory clearances.
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