Northern Revival Acquisition Corporation (NRAC) to Merge with Braiin Limited

January 10, 2024

Northern Revival Acquisition Corporation (NRAC) has filed an F-4 registration statement in connection with a proposed business combination with Braiin Limited. The parties expect the transaction to be completed in the first quarter of 2024 and cite a pro forma enterprise value of approximately $572 million, including acquisition agreements Braiin entered into with Vega Global Technologies for Exato Technologies Pvt Ltd and Nisus (ICT consulting and personnel services).

Buyers
Northern Revival Acquisition Corporation (NRAC), Braiin Holdings Ltd.
Targets
Braiin Limited, Exato Technologies Pvt Ltd, Nisus Australia Pty Ltd, Nisus Payroll Pty Ltd
Location
Australia
Transaction Type
Buyout

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