Parallel To Go Public Via $1.9B Deal With Ceres SPAC

Parallel is poised to go public after agreeing to a $1.9 billion sale.

Ceres Acquisition Corp. (OTCQX: CERAF), a special purpose acquisition corporation (SPAC), has acquired the Atlanta-based brand with the intention of creating a new publicly-traded company. 

A group of investors, led by Ceres and Parallel, agreed to take part in the transaction via a $225 million over-subscribed private investment in public equity.

The company's shares will …

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