The takeover and change of name to tonies SE by 468 SPAC I SE marks the second IPO via a SPAC this year.
29 November 2021. FRANKFURT (Börse Frankfurt). Since April 2021, 468 SPAC I SE has been listed as SPAC on the Frankfurt Stock Exchange. Following the successful merger with Boxine and subsequent change of name, the company's shares have been trading as of today under tonies SE (LU2333563281) on the Regulated Market (General Standard) of the Frankfurt Stock Exchange. Today's opening price was 12.50 euros. On Friday, the SPAC closed at 12 euros. April it had been issued at 10 euros.
With the merger, the management of 468 SPAC I SE completes its SPAC transaction within the set timeframe and with the required investor approval. This makes tonies SE the second IPO via a SPAC on the Frankfurt Stock Exchange this year.
Boxine says it is a provider of digital children's entertainment. Since launching the product in late 2016, Boxine has sold more than 2.4 million Tonie boxes and over 25 million Tonies. The company currently has a presence in Germany, Austria, Switzerland, the United Kingdom, Ireland and the United States, and plans to continue its internationalization.
29 November 2021 © Deutsche Börse