We are pleased to announce the successful agreement of a definitive business combination between Evergreen Corporation (NASDAQ: EVGR) and Forekast Limited, a leading technology managed services provider specializing in augmented intelligence. This strategic merger, expected to close by the end of 2025, will form a combined entity, Forekast Group (\u201cPubCo\u201d), accelerating Forekast\u2019s growth trajectory and enhancing its ability to meet the increasing global demand for AI-powered solutions.<\/p>\n
Evergreen Corporation is a special purpose acquisition company (SPAC) listed on Nasdaq, focused on identifying and merging with high-growth technology companies. Its mission is to pursue investments in sectors with large, addressable markets and strong technological foundations, aiming to support companies that are reshaping industries and driving significant revenue growth.<\/p>\n
Forekast Limited is an industry leader in technology managed services, providing AI-driven insights that enhance operational efficiency, improve customer experiences, and bolster workforce capabilities. With a proven record of sustained double-digit growth over the past five years, Forekast empowers businesses across multiple sectors with scalable solutions, leveraging its expertise to drive innovation and success in an increasingly digital marketplace.<\/p>\n
The transaction values Forekast at an enterprise value of $105 million, with Evergreen\u2019s trust funds expected to support Forekast\u2019s ongoing research and development, market expansion, and strategic acquisitions. By merging with Evergreen, Forekast aims to extend its global reach, improve product offerings, and strengthen its position as a leader in AI-powered technology managed services. Both companies\u2019 boards have unanimously approved the agreement, with completion subject to customary closing conditions and regulatory approvals.<\/p>\n
Alarar Capital Group is proud to have served as the financial advisor to Evergreen Corporation throughout this transaction.<\/p>\n
Carlos Lopez, COO of Alarar Capital Group, commented: \u201cWe extend our heartfelt congratulations to both Evergreen Corporation and Forekast Limited on reaching this important milestone. This transaction underscores the potential of AI-driven solutions to transform industries globally. We are excited to see the continued growth and success of Forekast as it embarks on its next chapter.\u201d<\/p>\n
Alarar Capital Group is a global financial services and advisory firm specializing in bridging markets between Asia, the U.S., and Europe. Established in 2016, Alarar Capital Group is a leader in SPAC and IPO advisory services and offers a comprehensive range of financial services, including M&A, venture capital, and strategic consulting. With offices in 12 countries across three continents, Alarar Capital Group is committed to facilitating international business growth and delivering exceptional value to our clients.<\/p>\n
Carlos Lopez
\nCOO
\ncarlos.lopez@arc-group.com<\/a><\/p>\nFor media inquiries, please contact:<\/h3>\n