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Parabellum Acquisition Corp. (PRBM) to Combine with EnOcean in $167M Deal

Parabellum Acquisition Corp. (PRBM) to Combine with EnOcean in $167M Deal

Parabellum (NYSE:PRBM) has entered into a definitive agreement to combine with internet of things (IoT) device-maker EnOcean at an enterprise value of $166.9 million. Oberhaching, Germany-based EnOcean makes low-power IoT devices for smart buildings and offices. The combined company is expected to trade on the NYSE under the symbol “SIOT” once the deal is completed
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