European Event-Driven Analyst

Jesus Rodriguez Aguilar

Jesús is an Insight Provider (Event-driven) on the Smartkarma network, where he looks across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. He has served as Economic and Business Advisor at the Spanish Congress in Madrid. Prior to that, he has worked in the City of London: as a Credit Analyst at Bloomberg; Event-driven associate at former boutique European Research; and doubled as Special Situations and Equity-linked VP (convertible bonds) at Merrill Lynch. Jesús has an MBA from the London Business School, a BA (Hons.) degree in Economics from the Complutense University in Madrid, and a BA (Hons.) in Law from U.N.E.D., also in Madrid.

Kape Technologies - Improved trading, strategic transition complete

Event-Driven

<ul>
<li>Unikmind (Teddy Sagi, 54.18% holder), adamant on delisting Kabe, increased the offer price to USD3.60/share. The USD adjusted spread was positive until the offer was sweetened.</li>
<li>Unikmind has so far c.87.89% acceptances (above 75% threshold), therefore, the delisting will be carried out on an accelerated timeline on 31 May. A squeeze-out is highly likely.</li>
<li>Closing is on 19 May and settlement should happen on or before 2 June. Spread is 0.31%/5.14%, using FX 1.2614, and assuming settlement on 2 June. <strong>Long.</strong>
</li>
</ul>


Unikmind (Teddy Sagi, 54.18% holder), adamant on delisting Kabe, increased the offer price to USD3.60/share. The USD adjusted spread was positive until the offer was sweetened.
Unikmind has so far c.87.89% acceptances (above 75% threshold), therefore, the delisting will be carried out on an accelerated timeline on 31 May. A squeeze-out is highly likely.
Closing is on 19 May and settlement should happen on or before 2 June. Spread is 0.31%/5.14%, using FX 1.2614, and assuming settlement on 2 June. Long.



Unikmind Holdings/Kape Technologies: Delisting