SACH Pte. Ltd. Announces the Agreement and Plan of Merger with Quantumsphere Acquisition Corporation

Company Overview - SACH Pte. Ltd. is engaged in the gaming, technology, e-commerce, retail, and live events industries, headquartered in Singapore [3][10] - The company's main objective is to integrate digital and physical experiences through innovative platforms, enhancing community engagement and consumer interaction [3][10] - SACH is known for its social technology platform, OMMiii, which incorporates gamification and data analytics to facilitate engagement strategies for brands and events [3][10] Proposed Transaction - SACH has entered into a merger agreement with Quantumsphere Acquisition Corporation, which will result in SACH becoming a wholly-owned subsidiary of Omnivate Global Ltd. [2][5] - The combined company is expected to have an implied initial pro forma equity value of approximately $300 million, assuming no redemptions [6][8] - The transaction is anticipated to provide SACH with cash proceeds of up to approximately $82.8 million to fund its business operations, assuming no redemptions and excluding transaction fees [6][8] Leadership Statements - Jonathan Zhang, CEO of SACH, stated that the merger is a transformative milestone that will help redefine engagement with digital and physical experiences [4] - Ping Zhang, Chairman/CEO of Quantumsphere, emphasized the commitment to pairing their public market platform with an operator capable of executing growth strategies [4] Financial Advisors - Geneva Capital Group serves as the financial advisor to SACH, while Celine & Partners, PLLC and KPMG Law Firm provide legal advisory services to Quantumsphere and SACH, respectively [9]