Colonnade Acquisition Corp. II (CLAA) to Combine with Plastiq in $480M Deal

Aug 4, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

Colonnade Acquisition Corp. II (NYSE: CLAA) has entered into a definitive agreement to combine with payment platform Plastiq at an enterprise value of $480 million, or 6.4x 2022E net revenue of $75 million. San Fransisco-based Plastiq enables small and midsize business (SMB) to scale faster with easy access to working capital, freedom of choice in B2B payments,
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Colonnade Acquisition Corp. II (CLAA) to Combine with Plastiq in $480M Deal

Colonnade Acquisition Corp. II (CLAA) to Combine with Plastiq in $480M Deal

ByMarlena Haddad