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E2open Becomes Publicly Traded via Merger With CC Neuberger Principal Holdings I

· 02/05/2021 03:59

08:42 AM EST, 02/05/2021 (MT Newswires) -- E2open, a provider of supply chain management software, and CC Neuberger Principal Holdings I (PCPL), a special purpose acquisition company, said Friday they have completed their merger.

The transaction was unanimously approved by the board of directors of CC Neuberger Principal Holdings I and its shareholders on Feb. 2.

The common stock of the combined company will trade under the symbol "ETWO" on the New York Stock Exchange, starting from Feb. 5.

Chief executive Michael Farlekas will continue to lead the business, the company said.

CC Neuberger Principal Holdings I is a special purpose acquisition company that completed its initial public offering in April, raising $414 million in proceeds.

Price: 10.77, Change: -0.21, Percent Change: -1.91