M&A
confidence high
sentiment neutral
materiality 0.80
York Space Systems to acquire All.Space Holdings for $355 million in cash and stock
York Space Systems Inc.
- Purchase price of $355 million, with $155 million cash and up to 5.9 million York shares issued at closing.
- Deal structured as a series of mergers with two merger subs; All.Space becomes indirect wholly owned subsidiary.
- Closing subject to regulatory approvals including antitrust, foreign investment, and telecommunications clearances.
- Merger agreement includes customary representations, warranties, and termination rights with an outside date of 120 days (extendable).
- Company obtained representation and warranty insurance; lock-up restrictions on 50% of shares for 6 months and remaining 50% for 9 months.