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COLONNADE ACQUISITION CORP. II

(CLAA)
Delayed Nyse  -  12:59 2022-11-25 pm EST
9.985 USD   +0.15%
11/21Colonnade Acquisition Corp. II Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
CI
09/13Plastiq Expands Short-Term Financing Offering to Help SMBs Maximize Working Capital
BU
08/04Colonnade Acquisition Ii : PLASTIQ TO BECOME PUBLICLY TRADED COMPANY THROUGH COMBINATION WITH COLONNADE ACQUISITION CORP. II - Form 8-K
PU
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Plastiq Inc. entered into a definitive agreement to acquire Colonnade Acquisition Corp. II from Colonnade Sponsor II LLC and others for approximately $390 million.

08/04/2022 EST

Plastiq Inc. entered into a definitive agreement to acquire Colonnade Acquisition Corp. II (NYSE:CLAA) from Colonnade Sponsor II LLC and others for approximately $390 million on August 3, 2022. The combined company will have an implied estimated enterprise value of approximately $480 million at closing, based on current assumptions. Under the agreement, the Plastiq stockholders and option holders will receive an aggregate of 40 million shares of Plastiq Pubco Stock (the “ Aggregate Merger Consideration ”) in exchange for the acquisition of all of Plastiq's outstanding equity interests. Once closed, the combined company will operate under the name Plastiq and is expected to trade under a new ticker symbol. The Plastiq management team, led by Founder and Chief Executive Officer Eliot Buchanan, will continue to lead the company. The transaction is subject to the satisfaction of various closing conditions, including approval by the shareholders of Colonnade and Plastiq, the effectiveness of a registration statement to be filed with the Securities and Exchange Commission (the “SEC”) in connection with the Business Combination, approval from the Commissioner of the Texas Department of Banking, the expiration or termination of the waiting period (or any extension thereof) applicable under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, the Plastiq Pubco Stock being eligible for continued listing on a national stock exchange, that CLAA have at least $5,000,001 of net tangible assets, a Financing Arrangement is in effect and available to the combined company and other regulatory approvals. The Business Combination has been unanimously approved by the boards of both Plastiq and Colonnade. The deal is expected to close in the first quarter of 2023. As a result of the deal, Plastiq is expected to add approximately $320 million to its balance sheet. Joel Rubinstein, Daniel Nussen, Sang I. Ji, Victoria Rosamond, James Kong, Rebecca Farrington, F. Paul Pittman, Cristina Brayton-Lewis and Matthew Kautz of White & Case LLP is serving as legal counsel to Colonnade in connection with the Business Combination. Justin Hamill, Ryan Maierson, Drew Capurro, Katharine Moir, Michelle Gross, Robert Blamires, Erin Murphy, Barrie VanBrackle, Katherine Rocco, Joseph Simei and Jason Morelli of Latham & Watkins LLP is serving as legal counsel to Plastiq in connection with the Business Combination.


ę S&P Capital IQ 2022
All news about COLONNADE ACQUISITION CORP. II
11/21Colonnade Acquisition Corp. II Reports Earnings Results for the Third Quarter and Nine ..
CI
09/13Plastiq Expands Short-Term Financing Offering to Help SMBs Maximize Working Capital
BU
08/04Colonnade Acquisition Ii : PLASTIQ TO BECOME PUBLICLY TRADED COMPANY THROUGH COMBINATION W..
PU
08/04Plastiq to Become Publicly Traded Company Through Combination With Colonnade Acquisitio..
BU
08/04Plastiq Inc. entered into a definitive agreement to acquire Colonnade Acquisition Corp...
CI
05/26Colonnade Acquisition Corp. II Reports Earnings Results for the First Quarter Ended Mar..
CI
04/15Colonnade Acquisition Corp. II Reports Earnings Results for the Full Year Ended Decembe..
CI
04/15Colonnade Acquisition Corp. II Auditor Raises 'Going Concern' Doubt
CI
2021Colonnade Acquisition Corp. II Reports Earnings Results for the Third Quarter and Nine ..
CI
2021Certain Class B Ordinary Shares of Colonnade Acquisition Corp. II are subject to a Lock..
CI
More news
Financials (USD)
Sales 2021 - - -
Net income 2021 3,73 M - -
Net cash 2021 0,30 M - -
P/E ratio 2021 90,5x
Yield 2021 -
Capitalization 412 M 412 M -
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 80,0%
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Managers and Directors
Remy White Trafelet Chief Executive Officer & Director
Joseph S. Sambuco Chairman
Lee J. Solomon Independent Director
Emil W. Henry Independent Director
Manny de Zßrraga Independent Director
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