Plastiq, the B2B payments platform helping to drive the SMB economy, and Colonnade Acquisition Corp II, a publicly traded special purpose acquisition company, announced they have signed a binding agreement and a merger plan. Based on current projections, the merged business will continue to be a publicly traded corporation and will have an implied, estimated enterprise value of about $480 million at completion. Upon completion of the transaction, the merged business will trade under a new ticker symbol and operate under the name Plastiq.
Plastiq to Become Publicly Traded Company Through Combination With Colonnade Acquisition Corp. II
