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-0.000881284100248599 -0.000881284100248599 -0.000881284100248599 0.00307954331659887 0.000108922753963225 0.00307954331659887 0.0040697501708107 0.0040697501708107
Stock impact report

SACH Pte. Ltd. Announces the Agreement and Plan of Merger with Quantumsphere Acquisition Corporation

Quantumsphere Acquisition Corp. - Units (QUMSU) 
Company Research Source: GlobeNewswire
SACH Pte. Ltd. (“SACH” or the “Company”), is in the business of developing and commercializing products and services across the gaming, technology, e-commerce, retail, and live events industries.The Company is best known for its development of the social technology platform with gamification, OMMiii, which functions as an enabler for brands, events, and intellectual properties to drive engagement and facilitates both online-to-online and online-to-offline marketing strategies.Combined company to have an implied initial pro forma equity value of approximately $300 Million, (assuming no redemptions) and the transaction is expected to deliver cash proceeds of up to approximately $82.8 Million to SACH (assuming no redemptions and excluding transaction fees and operating costs) to fund SACH's business and operations.Current SACH shareholders will retain 100% of their equity and will continue to own a substantial majority of the combined company on a pro forma basis, assuming no redemptions Show less Read more
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