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SHARE Israeli digital forensics startup Cellebrite DI Ltd. is the latest company set to go public via a special-purpose acquisition company through a merger with TWC Tech Holdings II Corp. in a deal that values the company at about $2.4 billion. The deal involves Cellebrite obtaining $580 million, comprised of TWC Tech Holdings’ cash held in trust. TWC Tech Holdings’ shareholders will receive a combination of cash and stock in Cellebrite. The transaction also includes a private investment of about $300 million in Cellebrite from Light Street Capital, Makena Capital and Axon Enterprise. Ce...

Cellebrite, The Leading Digital Intelligence Solutions Provider, to List on Nasdaq Through Merger with TWC Tech Holdings II Corp. Accelerate Justice and Preserve Privacy Transaction Implies Pro Forma Equity Value of Approximately $2.4 Billion; Expected to Provide up to $480 Million of Gross Cash Proceeds to the Company; Includes a Fully Committed $300 Million PIPE for the Purchase of Shares from Early Investors in the Company, Oversubscribed with Commitments from Strategic Investor Axon Enterprise, Inc. and Leading Institutional Investors Including Light Street Capital and Makena Capital Tr...

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 rai...

  The challenges, each of which comes with $1 million, have been awarded to Debut Biotechnology, Inc. for biosynthesis of monomers for aerospace thermosets, Amyris for biosynthesis of high-density endothermic fuels, and MIT-Tufts-Synlogic for human performance-enhancing probiotics. An additional award of $500 thousand was awarded to Tech Holding, LLC in the area of biosynthesis of high-density endothermic fuels. The review team for each topic consisted of experts from across the Department of Defense.   “Through collaborations with industrial and academic partners, these grand challenges ...