CION Proposes $25 Million Anchor Investment in Pearl PIPE Financing

By Public Technologies
  • CION Investment has proposed a $25 million anchor investment in a $75 million PIPE financing for Pearl, subject to definitive documentation.
  • The proposed merger with K&F Growth Acquisition II would take Pearl public at an approximately $350 million pro forma enterprise value.
  • David's Bridal plans to separate Pearl, which would own its brand and intellectual property.
  • The parties signed a nonbinding letter of intent, targeting a transaction closing in the first half of 2027.


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