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SPAC Prime Number Acquisition Corp. I (NASDAQ:PNAC) said it has entered into a business combination agreement with EV battery technology developer Noco-Noco.
Prime Number said in a filing that the deal values Noco-Noco at around $1.35B. The SPAC describes Noco-Noco as a development-stage manufacturer of carbon-zero EV battery technologies.
The SPAC went public in May 2022, raising $64.5M.
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