Autozi signs LOI for reverse takeover deal valuing combined company at $320 million
AZI•Closing targeted before year-end
Closing is targeted before year-end, subject to due diligence, financing, and required board, shareholder, and regulatory approvals.
Counterparty remains confidential
The counterparty’s identity remains confidential pending due diligence and negotiation of definitive documents.
Reverse takeover letter of intent
Autozi signed a letter of intent to pursue a reverse takeover with a privately held operating company valued at about $300 million.
The combined Nasdaq-listed business is expected to have an estimated valuation of about $320 million.
