OpSec Group and Investcorp Europe Acquisition Corp I, a special purpose acquisition company, announced a strategic investment from SAKATA INX Corporation in the form of unsecured convertible loan notes issued by OpSec. As previously announced, on April 25, 2023, OpSec and Investcorp Europe entered into a definitive business combination agreement that would result in OpSec becoming a public company. Upon closing of the proposed business combination, the newly combined company will operate as OpSec Group and will trade under the symbol “OPSC” on Nasdaq. On the terms and subject to the conditions set forth in the Loan Notes, the Loan Notes will convert into ordinary shares of the newly combined company in conjunction with the closing of the proposed business combination.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>