Seyond Plans to Go Public via De-SPAC Transaction on HKSE

Seyond, a notable provider of high-performance LiDAR and intelligent sensing systems, is set to go public through a De-SPAC transaction with TechStar Acquisition Corporation. This merger will culminate with Seyond's listing on the Hong Kong Stock Exchange. The transaction values Seyond at approximately 11.7 billion Hong Kong dollars.

Significant investment support for this move includes three PIPE investors contributing around 553.1 million Hong Kong dollars. Established in 2016, Seyond has achieved impressive milestones, becoming the first to mass-produce automotive-grade high-performance LiDAR, and leading global sales for passenger car LiDAR solutions in recent years.

Seyond's flagship 1550nm LiDAR sensor, Falcon, has been mass-produced with over 400,000 units delivered. Moreover, their advances into the robotic and intelligent transportation sectors promise expansive revenue growth opportunities by 2031.