Carnegie acted as joint financial advisor in Lifeline SPAC I’s combination with Canatu Oy. Lifeline SPAC I Plc, listed on the SPAC segment of Nasdaq Helsinki Ltd’s regulated market, and shareholders of Canatu Oy have today concluded a share exchange agreement whereby Lifeline SPAC I acquires all shares, option rights, and other rights exchangeable to shares in Canatu by way of a directed share issue consisting of Lifeline SPAC I’s new shares to form a combined company.
Canatu is a deep technology company developing advanced carbon nanotubes (CNTs) and related products and manufacturing equipment for the semiconductor, automotive and medical diagnostics industries. These industries require extremely high-quality CNTs and offer Canatu strong growth and profitability potential.