GS Acquisition Holdings Corp II (GSAH) announced a significant upward revision of trust proceeds to $604 million from the previously estimated $554 million due to approximately 5 million shares reversing their redemption election. A special meeting held on October 19, 2021 approved a business combination with Mirion Technologies, set to close on October 20, 2021, which will provide $2.3 billion in total proceeds. Following the merger, GSAH will be renamed Mirion Technologies, Inc., with shares trading under the symbol MIR.
GS Acquisition Holdings Corp II (NYSE: GSAH) is set to complete its business combination with Mirion Technologies, pending stockholder approval. A Special Meeting is scheduled for October 19, 2021, with the anticipated close on October 20, 2021. The deal is expected to raise approximately $2.3 billion, with $554 million from trust proceeds, $900 million from a PIPE, and $830 million from loan financing. Mirion, a leader in radiation detection technologies, will receive $1.3 billion to pay existing stockholders and refinance debt.
GS Acquisition Holdings Corp II (NYSE: GSAH) has filed a definitive proxy statement with the SEC regarding its proposed business combination with Mirion Technologies. A special meeting for GSAH shareholders is scheduled for October 19, 2021, to approve the merger, which is expected to close on October 21, 2021, pending closing conditions. The merger aims to make Mirion a public company, enhancing its growth potential and financial performance in radiation detection and measurement technologies.