July 19 - 12:07
ServiceMax to go public via $1.4bn SPAC merger
Industrial cloud services company ServiceMax Inc. is the latest company to state its intention go public by merging with a blank-cheque company. It announced it will be merging with a SPAC called Pathfinder Acquisition Corp. that’s backed by investment firms HGGC and Industry Ventures. The agreement values ServiceMax at $1.4bn and will see it receive $335m that has been raised by investors.
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