RealWear Going Public Via $375.5M Cascadia Acquisition Deal

Hands-free wearable tablet company RealWear and Cascadia Acquisition today announced a business combination agreement at a post-transaction enterprise value of $375.5 million. That assumes no redemptions.

If approved, upon closing RealWear is expected to trade on the .

The SPAC plans a Feb. 15 meeting for shareholders to vote on extending the merger completion date to Aug. 31.

Cascadia has $150 million of cash in trust. Proceeds for the transaction are expected to consist of remaining cash in trust following any redemptions and up to $35 million of additional financing.

RealWear provides wearable assisted reality solutions to frontline professionals to engage, , and elevate the modern industrial worker to be more efficient and perform work tasks more safely and with precision, according to a . The company's assisted reality tools enable frontline professionals to , communicate and share documents, diagrams, photos, and video, all while keeping their hands and field-of-view free for the work. Read more.

Source: RealWear Going Public Via 5.5M Cascadia Acquisition Deal