$NTWN: MONSTER POP to $13.50 !!!!!!!!!!!!!!!!
Appgate, a Leading Cybersecurity Company, to Merge With Public Company Newtown Lane Marketing NTWN
$NTWN
-- Appgate is a proven, next-generation, scalable cybersecurity platform built on a Zero Trust foundation, designed specifically for today's complex enterprise IT infrastructure, whether hybrid, cloud, or on-premises -- Trusted by more than 650 global corporations and government entities, and projected to generate revenues of $40 million in FY 2021 and a 50% CAGR through FY 2025 -- Leading alternative investment manager with over $12.5 billion in assets under management has committed to invest up to $100 million in convertible notes, valuing Company at $1 billion, post-money -- Existing Appgate shareholders, led by BC Partners, Medina Capital, and management, will retain 100% of their equity in the combined company -- By merging with publicly traded shell company Newtown Lane Marketing, Appgate will have access to significant capital quickly to accelerate growth, scale, and go-to-market strategies -- Combined company intends to up-list to Nasdaq or NYSE as soon as possible following consummation of the transaction and satisfaction of applicable listing requirements, expected in 2Q 2021 NEW YORK & MIAMI--(BUSINESS WIRE)--February 09, 2021--
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