Dutch Star Companies ONE and CM.com confirm exclusive discussions on future cooperation
Dutch Star Companies ONE N.V. (Euronext - DSC1 / ISIN code NL0012747059) - Regulatory news
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Dutch Star Companies ONE N.V. ("DSCO"), a special purpose acquisition company listed on Euronext Amsterdam (symbol: DSC1) is in exclusive discussions on a potential business combination with CM.com, a global Conversational Commerce platform that provides enterprises full-scale CPaaS services with integrated payment solutions. This press release contains information as meant in section 7 of the European Market Abuse Directive.
DSCO and CM.com have entered into a non-binding heads of agreement, valuing CM.com at an equity value of at least EUR 210m post-money, assuming a capital injection of at least EUR 50m at business combination with an option to further upsize. The investment is intended to fuel CM.com’s growth strategy going forward. Stephan Nanninga, Promoter of DSCO, will join the Supervisory Board of CM.com following the business combination.
These discussions are ongoing and there can be no certainty that this will result in a business combination. An update on further developments will be given in due course.
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Dutch Star Companies ONE N.V. (the Company or DSCO) is a special purpose acquisition company incorporated on 3 January 2018, under the laws of the Netherlands as a public limited liability company (naamloze vennootschap) for the purpose of acquiring a minority stake in a business with principal business operations in Europe, preferably in the Netherlands.