BigRep has officially listed on the Frankfurt Stock Exchange after being acquired by special purpose acquisition (SPAC) company SMG Technology Acceleration SE.
The two organisations signed a non-binding letter of intent to merge and list on the stock exchange in November 2023, with BigRep opening the trading day with a bell-ringing ceremony at the Frankfurt Stock Exchange earlier this week. BigRep shares will trade under the B1GR ticker symbol.
Having merged with SMG Technology Acceleration SE to list on the Frankfurt Stock Exchange, the combined company has been renamed as BigRep SE, with Dr. Sven Thate and Dr. Reinhard Festag stepping in as CEO and CFO, respectively.
At the bell-ringing ceremony, Thate said: “Going public allows us to think bigger and pursue our buy-and-build strategy. We see great growth and synergy opportunities by expanding inorganically. The current market conditions will only…
