Rimon Client, ARC Group Acquisition I Corp (“ARCL”) announces definitive share purchase agreement with Firstborn Top Capital Sdn. Bhd.

Rimon Client, ARC Group Acquisition I Corp (“ARCL”) (Nasdaq: ARCL, ARCLR, ARCLW), a special purpose acquisition company, announced on September 10 in a press release that it has entered into a definitive share purchase agreement with Firstborn Top Capital Sdn. Bhd., a Malaysian private limited company (“Firstborn Top Capital” or the “Company”). Under the agreement, Firstborn Top Capital will become a wholly-owned subsidiary of ARCL. Upon completion of the transaction, ARCL will be renamed BlueCrest Investment, Inc. and is expected to be listed on the Nasdaq Global Market under the new ticker symbol “BCIN.” The transaction is valued at $1,091.2 million and expected to close in Q1 2027.

After the transaction closing, BlueCrest Investment, Inc. will continue to be led by Datuk Dr. Doris Wong Sing Ee, Chief Executive Officer and Executive Director.

The Rimon team was lead by Partner, Debbie Klis. with support from Mark C. Lee, Ying Jiang, and Olivia Wang

We congratulate our long time client ARCL on this new milestone!

Read the full press release here

Rimon’s Special Purpose Acquisition Company (SPAC) professionals utilize their capital markets, M&A, private equity, public company, securities and tax experience to deliver full-service advice and representation to SPACs, their sponsors, target companies, underwriters, and related M&A participants in initial public offerings (IPOs), including on Nasdaq, NYSE, and other major stock markets, as well as in subsequent business combinations (de-SPACs) and acquisitions, and with PIPEs, SEPAs, and more. Read more here