Rally Enters into Agreement to Become Publicly Traded Via Business Combination with Americas Technology Acquisition Corp. The contemplated transaction values Rally at pro forma enterprise value of $208 million and would enable Rally to scale its customer acquisition and brand awareness strategy. The closing is expected during the fourth quarter of 2022.
The combined entity, to be renamed “Rally Mobility Corp” (“Rally”), is expected to be listed on the NYSE under the symbol RLLY. Upon the closing of the transaction, Rally will be led by its CEO and founder, Mr. Numaan Akram. The boards of directors of Rally and ATA have unanimously approved the transaction.
Read the Press release for further details on the transaction.