Cellebrite to list on Nasdaq at $2.4b valuation through SPAC
The Israeli company provides digital intelligence solutions to law enforcement agencies and governments.
Israeli digital intelligence company Cellebrite has announced that it will list on Nasdaq through a SPAC merger with TWC Tech Holdings II Corp. (Nasdaq: TWCT), at a company valuation of $2.4 billion. The Petah Tikva-based company provides digital intelligence solutions to law enforcement agencies and governments.
Special purpose acquisition companies (SPACs) are blank check companies without any operations of their own, which raise money solely in order to merge with a target company. Since December mergers by Israeli tech companies with SPACs have amounted to companies with valuations of more than $40 billion, most of which have yet to be completed.
Cellebrite, The Leading Digital Intelligence Solutions Provider, to List on Nasdaq Through Merger with TWC Tech Holdings II Corp
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