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Prime Impact Acquisition I (PIAI) to Combine with Cheche Technology in $841M Deal

Prime Impact Acquisition I (PIAI) to Combine with Cheche Technology in $841M Deal

Prime Impact I (NYSE:PIAI) has entered into a definitive agreement to combine with auto insurance firm Cheche at an enterprise value of $841 million, or about 2.3x its 2022 revenue. Beijing-based Cheche provides a digital insurance platform for car owners in China with about 34 million vehicles covered. The combined company is expected to trade
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