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SportsMap Tech (SMAP) to Combine with Infrared Cameras Holdings in $100M Deal

ici-infrared-cameras

SportsMap Tech (SMAP) to Combine with Infrared Cameras Holdings in $100M Deal

Dec 6, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

SportsMap Tech Acquisition Corp. (NASDAQ:SMAP) has entered into a definitive agreement to combine with intelligent thermal imaging provider Infrared Cameras Holdings (ICI) at a pre-money equity valuation of $100 million. Beaumont, Texas-based Infrared Cameras Holdings develops and manufactures infrared-sensor systems, offering handheld and fixed hardware. The combined company is expected to trade on the Nasdaq once the
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ByMarlena Haddad