Eco Modular Engages Loop Capital for Investment Banking Services
Rhea-AI Summary
Eco Modular, operating under Ascotway , has engaged Loop Capital for investment banking services. This strategic partnership aims to support Eco Modular's capital raising efforts and its goal to become a publicly traded company on a U.S. national stock exchange through a merger with Zalatoris II Acquisition Corp (ZLS).
Loop Capital will assist Eco Modular in:
- Securing necessary financing for growth and expansion
- Providing expert guidance on capital raising
- Facilitating the transition to becoming a publicly traded company
Positive
- Engagement with Loop Capital for investment banking services
- Potential access to additional capital for growth and expansion
- Progress towards becoming a publicly traded company on a U.S. national stock exchange
Negative
- None.
Insights
This engagement with Loop Capital marks a significant step for Eco Modular in its journey towards becoming a publicly traded company. The partnership focuses on two important aspects: capital raising and public listing preparation.
From an investor's perspective, this move signals Eco Modular's ambitious growth plans and its commitment to accessing broader capital markets. The potential public listing through a merger with Zalatoris II Acquisition Corp, a SPAC, could provide increased liquidity and visibility for the company.
However, investors should be cautious. While the engagement with Loop Capital is promising, the success of the capital raising efforts and the eventual public listing are not guaranteed. The modular construction market is competitive and Eco Modular will need to demonstrate strong financials and growth potential to attract investors in a challenging economic environment.
Eco Modular's strategic move to engage Loop Capital reflects the growing interest in sustainable construction solutions. The modular construction market is projected to reach
However, investors should consider the following:
- Market competition is intensifying, with established players and new entrants vying for market share.
- Regulatory changes and building code adaptations can impact the adoption of modular construction.
- Economic fluctuations may affect the construction industry, potentially impacting Eco Modular's growth trajectory.
New York, New York, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Ascotway Ltd operating as Eco Modular (“Eco Modular”) is pleased to announce its engagement with Loop Capital, to provide investment banking services. This strategic engagement aims to support Eco Modular’s capital raising efforts and its objective to become a publicly traded company on a U.S. national stock exchange through its announced merger with Zalatoris II Acquisition Corp (“Zalatoris II”).
Engagement Overview
Under this agreement, Loop Capital will assist Eco Modular in securing the necessary financing to meet its growth and expansion goals. The partnership will focus on:
Capital Raising: Loop Capital will provide expert guidance and support in raising capital to fuel Eco Modular's ambitious projects and operational expansion.
Public Listing Preparation: Loop Capital will facilitate Eco Modular's transition to becoming a publicly traded company on a U.S. national stock exchange via the merger with Zalatoris II.
Eco Modular believes that this collaboration marks a significant step towards Eco Modular's financial and strategic growth and anticipates leveraging Loop Capital's expertise in investment banking to achieve key milestones and long-term objectives.
About the Companies
Eco Modular is a leading SmartTech Modular Manufacturing company based in the UK, Ireland, and Eastern Europe.
Loop Capital is a full-service investment bank, brokerage and advisory firm that provides creative capital solutions for corporate, governmental and institutional entities across the globe.
No Offer or Solicitation
This press release is for informational purposes only and shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the merger. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended (the “Securities Act”), or an exemption therefrom.
Forward Looking Statements
Certain statements herein may be considered forward-looking statements. Forward looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements, including those set forth in the Risk Factors section of Zalatoris II’s proxy statement filed on July 15, 2024, as amended, with the Securities and Exchange Commission (“SEC”), the Current Report on Form 8-K filed on December 5, 2023 with the SEC, and its other filings with the SEC. Copies are available on the SEC’s website, www.sec.gov.
These forward-looking statements include, without limitation, Eco Modular’s and Zalatoris II’s expectations with respect to future performance and anticipated financial impacts. For example, projections of future enterprise value, revenue and other metrics are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Eco Modular and its management, and/or Zalatoris II and their management, as the case may be, are inherently uncertain.
Eco Modular and Zalatoris II expressly disclaim any duties, obligations or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in Eco Modular’s or Zalatoris II’s expectations or any change in events, conditions or circumstances on which any statement is based. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date hereof.
Contacts
Investor Relations & Media Contacts:
Email: pr@zalatorisac.com
Contact Number: +1 (917) 675-3106
FAQ
What is the purpose of Eco Modular's engagement with Loop Capital?
How will Loop Capital assist Eco Modular in its growth plans?
What is the significance of Eco Modular's merger with Zalatoris II Acquisition Corp (ZLS)?
When did Eco Modular announce its engagement with Loop Capital?
