CION proposes $25 million anchor investment in Pearl PIPE financing
CION•CION Investment has proposed a $25 million anchor investment in a $75 million PIPE financing for Pearl, subject to definitive documentation. Pearl’s proposed merger with K&F Growth Acquisition II would value it at approximately $350 million in pro forma enterprise value, with closing targeted for the first half of 2027.
1. Proposed investment
CION Investment has proposed a $25 million anchor investment in a $75 million PIPE financing for Pearl, subject to definitive documentation. Pearl’s proposed merger with K&F Growth Acquisition II would take Pearl public at an approximately $350 million pro forma enterprise value. David’s Bridal plans to separate Pearl, which would own its brand and intellectual property; the parties signed a nonbinding letter of intent and are targeting a closing in the first half of 2027.
