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Pathfinder Acquisition Corporation (PFDR) to Combine with Movella in $537M Deal

Pathfinder Acquisition Corporation (PFDR) to Combine with Movella in $537M Deal

Pathfinder (NASDAQ:PFDR) has entered into a definitive agreement to combine with motion-capture technology firm Movella at an enterprise value of $537 million, or 13.4x its 2022E revenue. San Jose, California-based Movella provides motion-capture hardware and software for the entertainment, health and manufacturing industries. The combined company is expected to trade on the Nasdaq once the
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