BigRep GmbH's de-SPAC transaction with SMG Technology Acceleration SE

  • Posted 05.08.2024
Elvinger Hoss Prussen Newsflash-1

BigRep GmbH, a Germany-based leading manufacturer of large-format 3D printers, and SMG Technology Acceleration SE, a Luxembourg-based special purpose acquisition company (SPAC) listed in the General Standard segment of the Frankfurt Stock Exchange’s Regulated Market, consummated their previously announced business combination on 29 July 2024 in the first De-SPAC transaction on the Frankfurt Stock Exchange this year.

Following the successful consummation of the business combination with BigRep GmbH and subsequent change of name, the SPAC’s shares have been traded as of 31 July 2024 under the name BigRep SE on the General Standard segment of the Frankfurt Stock Exchange’s Regulated Market.

The team was led by partner Karl Pardaens and included Associate Ozan Imrek