M&A
confidence high
sentiment neutral
materiality 0.65
Metal Sky Star SPAC signs non-binding LOI to acquire Estonian classifieds platform Okidoki for $120M equity value
Metal Sky Star Acquisition Corp
- Metal Sky Star (MSSA) entered non-binding LOI to combine with Okidoki OÜ, an Estonian classifieds platform.
- Okidoki has 800,000+ registered users and 2,000+ business accounts; founded in 2007.
- Existing Okidoki equity holders roll 100% of equity into combined public company based on $120M total equity value.
- Definitive agreement expected in Q4 2024; no guarantee that the transaction will be completed or a definitive agreement reached.
- Transaction subject to board, equity holder, and regulatory approvals; customary closing conditions apply.