Lucosky Brookman client, The Flexi Group, Goes Public Through Merger with Tsangs Group’s TG Venture Acquisition Corp.
Lucosky Brookman congratulates its client, The Flexi Group, one of APAC’s Largest Operators of Flexible Workspaces, on going public through a merger with Tsangs Group’s TG Venture Acquisition Corp.
The Flexi Group manages 45 locations in 12 cities and 9 countries in Asia and Australia under regionally recognized brands the Hive, Common Ground and The Cluster. Combination values The Flexi Group at an implied pro forma enterprise value of $205 million.
After closing, The Flexi Group's ordinary shares are expected to trade on the Nasdaq Stock Market LLC under the ticker symbol FLXG.
ARC Group Limited is serving as exclusive financial advisor to The Flexi Group with Lucosky Brookman LLP serving as legal counsel to The Flexi Group.