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Appleby says it advises Meshflow on $1.2 billion HGP combination
Appleby said it was acting as Cayman Islands counsel to Nasdaq-listed Meshflow Acquisition Corp on a definitive business combination agreement with HGP Intelligent Energy. The firm described HGP as a developer of load-following technology for nuclear plants and put the transaction’s implied pro forma equity value at approximately $1.2 billion.
Key points
- Appleby said the businesses would combine under a newly formed Delaware holding company, which would become their publicly traded parent.Appleby
- The firm said anticipated proceeds would support reactor coolant pump qualification and manufacturing, digital twin development, and nuclear campus development and licensing.Appleby
- Appleby named Cayman partner Alexandra Low and BVI partner James Kitching among the lawyers leading its team.Appleby
- The firm also named Hong Kong senior associate Alejandra Gonzalez Saucedo and Cayman articled clerk Emily McIntyre on the team.Appleby