SportsMap Tech Acquisition Files Investor Presentation on $100M Infrared Cameras Deal

SportsMap Acquisition today filed an promoting its proposed merger with Infrared Cameras Holdings, a provider of intelligent thermal imaging platforms. The deal values the merged company at $100 million.

If approved, Infrared Cameras is expected to list on the Nasdaq under a new ticker symbol.

Existing ICI shareholders are expected to roll all their equity into the combined company. Assuming there are no redeeming stockholders, gross proceeds of approximately $118 million will be released to the combined company from the SPAC's trust account.

SportsMap Tech raised $115 million in an October 2021 IPO with plans at that time to focus on companies engaged in technologies, including fan engagement, health and wellness, , and fantasy sports and gambling. Read more.

Source: SportsMap Tech Acquisition Files Investor Presentation on 0M Infrared Cameras Deal