ACON S2 Acquisition Corp. (STWO) to Combine with ESS Tech in $1.1Bn Deal

ACON S2 Acquisition Corp. (STWO) has entered into a definitive agreement to combine with battery manufacturer firm ESS Tech at an enterprise value of $1.072Bn, or 0.7x its 2025E Revenue. California-based ESS Tech produces energy storage solutions based on iron, salt, and water as opposed to the typical hazardous materials like lithium. The combined company
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