CRSA Stock: 12 Things to Know Ahead of the LiveVox SPAC Merger

Crescent Acquisition (NASDAQ:CRSA) stock is on the rise Thursday after announcing plans for a special purpose acquisition company (SPAC) merger with LiveVox.

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Here’s everything that potential investors in CRSA stock need to know about the upcoming LiveVox SPAC merger.

  • The merger will take LiveVox public and see its shares trade on the Nasdaq Exchange under the LVOX stock ticker.
  • Once the deal closes, the combined company will have an estimated value of $840 million.
  • It will also provide LiveVox with a total of $350 million to make use of once it’s public.
  • That includes $250 million from Crescent Acquisition’s trust account.
  • Another $75 million will come from a group of institutional investors.
  • The final $25 million will come from forward purchase agreements made by Crescent Capital Group Holdings LP.
  • LiveVox notes that it plans to use up to $220 million of these proceeds to buyback equity from current investors.
  • It expects to add $100 million from the funds to its balance sheet.
  • LiveVox is a cloud-based communications company that connects businesses with agents to handle customer service.
  • Its platform allows agents to easily connect with customers across voice, email, SMS, webchat, and chatbots.
  • The company was founded in 2000 and its headquarters is located in San Francisco.
  • It also has offices in Atlanta, Denver, St. Louis, Colombia, and Bangalore.

CRSA stock was up 6.1% as of Thursday morning.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.

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