Colonnade Acquisition Corp. II to Take Plastiq Public via Business Combination
August 4, 2022
Plastiq Inc., a B2B payments platform for small and midsize businesses, has entered into a definitive merger agreement with special purpose acquisition company Colonnade Acquisition Corp. II to take Plastiq public. The combined company will operate as Plastiq with an implied enterprise value of approximately $480 million at closing and is expected to add about $320 million of cash to the balance sheet to support organic and inorganic growth.
- Buyers
- Colonnade Acquisition Corp. II
- Targets
- Plastiq Inc.
- Industry
- Payments & Fintech
- Location
- California, United States
- Transaction Type
- Growth capital
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