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- Event management company Events.com said on Tuesday it has entered into a merger agreement with blank-check firm Concord Acquisition Corp II (NYSE:CNDA) to go public and list itself on the New York Stock Exchange.
- The transaction values Events.com at a pre-money equity value of $314M.
- The proposed business combination implies a pro forma enterprise value of $399M.
- The combined public company is expected to list its common stock under the new ticker symbol “RSVP”.
- Events.com previously secured a capital commitment of $100M in the form of a share subscription facility from Gem Global Yield LLC SCS.
- The company said it will use the transaction proceeds to expand its product offerings, advance AI-driven initiatives, and pursue strategic acquisitions.
- Co-founders Mitch Thrower and Stephen Partridge are expected to continue as CEO and President/COO, respectively. While Bob Bellack, co-founder of Cars.com is joining Events.com as CRO.
