M&A
confidence high
sentiment positive
materiality 0.90
Compass Digital Acquisition Corp. announces $300M business combination with EEW Renewables
Compass Digital Acquisition Corp.
- Pre-money enterprise value of $300M; pro forma EV $386M assuming $25M trust proceeds at $10/share.
- EEW shareholders to own ~79% of combined company; cash proceeds of ~$25M from SPAC trust and financing.
- EEW has a 9 GW global project pipeline (Solar PV, BESS, green hydrogen); ~1.5 GW developed since 2012.
- Combined company to list on Nasdaq; closing expected in Q1 2025, subject to regulatory and shareholder approvals.
- Existing EEW management led by CEO Svante Kumlin will continue to lead the post-combination company.