GrowHub agrees to merge with EnChem America in deal valuing target at $400 million
TGHL•Timing and closing conditions
Closing is targeted by December 2, 2026, subject to an effective Form F-1 and Nasdaq listing conditions.
Merger agreement and valuation
GrowHub entered a merger agreement on July 14, 2026 to acquire EnChem America, a U.S. battery electrolyte and additives maker.
The deal values EnChem America at about $400 million in equity value.
Deal consideration and structure
Consideration is 142,848,176 newly issued Class A ordinary shares, or enough shares to give the seller 85% of fully diluted equity.
The structure calls for a newly formed GrowHub subsidiary to merge into EnChem America, leaving EnChem America as the surviving unit.
