Source data
Zegna business combination funding at announcement and closing
Sources checked
July announcement
Shared scale · 0 $ million to 403 $ million
December closing
Shared scale · 0 $ million to 403 $ million
Switch between announcement and closing. Both views show amounts before transaction costs.
Zegna business combination funding at announcement and closing
Amounts are approximate U.S. dollar millions from the July and December announcements. The July zero means no separate backstop line in that announcement. The July total is the company’s rounded estimate.
| Source | ||||
|---|---|---|---|---|
| Trust cash | 403 | 169 | Trust balance assumed in July, cash after redemptions at closing | Source 2 |
| Private investment in public equity | 250 | 250 | Committed subscription | Source 2 |
| Backstop private investment | 0 | 125 | Separate financing added later | Source 2 |
| Forward purchase agreement | 225 | 217 | Approximate published U.S. dollar amounts | Source 2 |
| Reported gross proceeds | 880 | 761 | July estimate and December closing figure | Source 2 |