Following the mass merger of APAC flexible office companies The Cluster, Common Ground and the Hive to create The Flexi Group, the newly formed company is taking its plans even further.
The Flexi Group will enter into a business combination agreement with blank check company TG Venture Acquisition Corp following unanimous board member approval, taking Flexi Group public.
The deal is expected to be completed in the second quarter of 2023, allowing The Flexi Group to trade on the Nasdaq under the ticker symbol FLXG.
Mergers and acquisitions alleviate a company’s exposure to external factors, such as economic downturns or health crises. Companies that decide to merge are often more resilient in the face of uncertainty, which many economists predict is on the horizon in the new year.