Clean Energy Special Situations Corp. Announces Signing of Non-Binding Letter of Intent for a Business Combination with a Leading B2B iGaming Technology Platform Company

Core Viewpoint - Clean Energy Special Situations Corp. has signed a non-binding letter-of-intent for a business combination with a leading high growth iGaming technology platform, aiming to leverage the growing global iGaming market [1][2]. Group 1: Company Overview - Clean Energy Special Situations Corp. is a publicly traded special purpose acquisition company (SPAC) formed to effect mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations [4]. - The Target is a leader in providing B2B iGaming technology platforms and solutions to global gaming operators, focusing on organic growth and acquisitions as more countries regulate iGaming [1][2]. Group 2: Financial Performance - The Target recorded unaudited revenues exceeding 70 million euros in 2023 and anticipates significant growth in 2024 and 2025 [1]. Group 3: Transaction Details - Under the terms of the LOI, the Target's existing equity holders will roll 100% of their equity into the combined public company [2]. - The completion of the business combination is subject to due diligence, negotiation of a definitive agreement, and approval from the boards and stockholders of both companies [3].