Carlyle-backed Packable agrees $1.55 billion SPAC merger

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Go back to Carlyle-backed Packable agrees $1.55 billion SPAC merger

Packable to go Public via Merger With Highland Transcend Partners I Corp (HTPA)

September 9, 2021 7:31 AM EDT

Packable, the holding company for Pharmapacks (or the Company), a leading technology-led e-commerce marketplace enablement platform, today announced that the Company has entered into a definitive agreement to merge with Highland Transcend Partners I Corp. (Highland Transcend) (NYSE: HTPA), a special purpose acquisition company formed to partner with a disruptive company in the commerce, digital media and services, and enterprise software sector. This transaction will help the Company as it enters its next phase of growth following its recent partnership with lead investor Carlyle in November 2020. Upon completion of the transaction, Packable is... More