M&A
confidence high
sentiment neutral
materiality 0.60
Crown PropTech and Mkango Rare Earths amend deal terms, file F-4 for business combination
Crown PropTech Acquisitions
- Amendment No. 2 adjusts exchange ratio, pre-closing share issuances, and sets intercompany debt-to-equity settlement.
- Registration rights agreement amended to grant Mkango selling shareholder inclusion rights in future offerings.
- SPAC Class B shares transferred under non-redemption agreements excluded from certain lock-up restrictions.
- Form F-4 filed with SEC; MKAR shares and warrants expected to list on Nasdaq as 'MKAR' and 'MKARW'.
- Closing subject to SEC review, Mkango and CPTK shareholder approvals, and other customary conditions.