Flybondi.com entered into an agreement to acquire Integral Acquisition Corporation 1 for approximately $300 million in a reverse merger transaction.
The transaction has been approved by the boards of directors of both Integral 1 and Flybondi. The transaction is subject to regulatory approvals, the approval by the stockholders of Integral 1 and the shareholders of Flybondi, and the satisfaction of certain other customary closing conditions, including the review by the U.S. Securities and Exchange Commission of the proxy statement/prospectus relating to the proposed business combination and the listing approval by Nasdaq. The transaction is expected to close during the first half of 2024.
Greenberg Traurig, LLP, Marval O'Farrell Mairal, and DWF Law LLP acted as legal advisors to Flybondi. Ellenoff Grossman & Schole LLP, Beccar Varela, and Travers Smith LLP acted as legal advisors to Integral.