Evergreen Corp. Class A ( (EVGR) ) has issued an update.
Evergreen Corporation has announced a definitive merger agreement with Forekast Limited, with the combined entity to be named Forekast Group. Forekast, a provider of AI-driven technology managed services, boasts a strong track record of revenue and profit growth. The merger aims to fuel Forekast’s expansion into new markets and enhance its offerings, capitalizing on the increasing demand for AI solutions. The transaction is valued at $105 million and is subject to customary closing conditions, including shareholder approvals, with completion expected by the end of 2024.
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