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Appleby says it advised Pioneer on its Green AI Cloud business combination agreement
Appleby said it acted as Cayman Islands counsel to Pioneer Acquisition I Corp on a definitive business combination agreement with Green AI Cloud. The firm described Green AI Cloud as a European clean-energy AI computing platform and said the combined company is expected to list on Nasdaq.
Key points
- Appleby said the transaction values Green AI Cloud at $300 million before the investment.Appleby
- The firm reported an approximately $525 million pro forma enterprise value.Appleby
- Appleby said Cayman Islands partner Alexandra Low led its mergers and acquisitions team.Appleby
- The firm said Hong Kong senior associate Alejandra Saucedo Gonzalez worked on the transaction alongside the corporate team.Appleby