SINGAPORE – Global law firm Reed Smith and its formal law alliance partner in Singapore, Resource Law LLC, have advised AI technology solutions company Helport Limited (Helport) in a definitive business combination agreement with US-SPAC, Tristar Acquisition I Corp. (Tristar). The pre-merger entity is valued at USD 350 million, and the parties intend to raise a PIPE investment of approximately USD 25 million.

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The Reed Smith team advising Helport on the agreement was led by Global Corporate Group partner Johnny Lim, who was supported by Resource Law associate director Darren Sie, and associate Trixie Ng.

Helport specializes in providing intelligent products, solutions, and a digital platform to improve communication efficiency between businesses and their customers, enhance user experience, and improve sales performance.

Tristar is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses globally.

The consummation of the business combination is expected to occur in the first quarter of 2024.

More information can be found at Yahoo! Finance.