11:01 AM EDT, 05/14/2024 (MT Newswires) -- Battery Future Acquisition ( BFAC ) has entered into a merger agreement with Class Over that values the educational technology platform at about $135 million, the companies said Tuesday.

The deal would provide Class Over gross proceeds of about $56 million at closing and lead to Class Over's expected listing on the New York Stock Exchange, according to the companies.

The transaction, expected to be completed in H2, has received approval from the boards of Class Over and Battery Future but is still subject to approvals by regulators and stockholders, the companies said.

Existing Class Over stockholders are rolling all of their equity into the combined company, the companies added.

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