Wejo Group Limited a global leader in Smart Mobility for Good cloud and software analytics for connected, electric and autonomous mobility, announced that it has entered into a definitive business combination agreement to combine with TKB Critical Technologies 1. The proposed business combination is subject to a number of closing conditions and the parties anticipate that the transaction will close in the second quarter of 2023. Upon closing of the business combination, the combined company will retain Wejo's ticker symbol and will continue to trade on the Nasdaq Stock Market LLC. Through a combination of an anticipated PIPE raise and funds from TKB's trust, Wejo believes that this transaction can raise up to $100 million to fund its growth initiatives and position the company to execute on its strategic goals, and potentially reach cash flow breakeven which is expected by mid-2025. Wejo will continue to work on additional short-term funding initiatives to provide bridge capital until the transaction closes.

Senior Connect Acquisition a publicly traded special purpose acquisition company, has announced that it has entered into a non-binding letter of intent ("LOI") for a business combination with Avellino Lab USA, Inc. ("Avellino"). Avellino, a leader in precision medicine, is making a global impact in genetics and bringing innovative diagnostics, therapies, and AI-driven data processing to patient care. Recommended AI: How is Artificial Intelligence (AI) Changing the Future of Architecture? Under the terms of the LOI, the Company and Avellino would become a combined entity, with Avellino's existing equityholders exchanging their shares in Avellino for equity in the combined public company. The Company expects to announce additional details regarding the proposed business combination when a definitive agreement is executed, which is expected early in the first quarter of 2023.

Perfect Corp. ("Perfect"), a global leader in providing augmented reality ("AR") and artificial intelligence ("AI") Software-as-a-Service ("SaaS") solutions to beauty and fashion industries, and Provident Acquisition Corp, a special purpose acquisition company, announced the completion of their previously announced business combination (the "Business Combination"). The listed company resulting from the Business Combination will be called Perfect Corp., and its shares and warrants will commence trading on the New York Stock Exchange under the ticker symbols "PERF" and "PERF WS," respectively, on October 31, 2022. Alice Chang, Founder and Chief Executive Officer of Perfect, commented, "We are thrilled to continue Perfect's evolution, now as a public company, by reaching this significant milestone. Leveraging our access to the global capital market, we plan to extend our industry coverage from beauty and fashion to tangential sectors, augment our innovative AR and AI SaaS solutions, and empower more enterprises around the world to deliver transformative virtual product try-on experiences to consumers." Passwords and People are the Biggest Risks to Businesses' Cyber Security, says Consolidated Communications' Head of Network Security Marco's Pizza Selects Medallia to Boost its Market Intelligence Michael Aw, Chief Executive Officer of Provident, commented, "Provident is proud to partner with a company whose unparalleled leadership and vision have driven it to the forefront of today's beauty and fashion industries. With its innovative AI and AR solutions and strong partnerships with the world's leading beauty groups, we believe that Perfect is well positioned to continue growing its business and deliver sustainable shareholder returns. We are excited for the opportunities that lie ahead, and we look forward to working with Perfect in the future as a newly-public company."

TYSONS, Va.--(BUSINESS WIRE)--QOMPLX, a leader in cloud-native risk analytics, has entered into a definitive agreement to acquire RPC Tyche LLP ("Tyche"), a rapidly growing insurance software modeling and consulting firm based in London, Cambridge, Paris and Chicago. Tyche bolsters QOMPLX's insurance analytics offerings, and the combined business will offer more comprehensive insurance underwriting, pricing, risk modeling, capital modeling, and reserving functionality. It is an exceptional software business that combines innovative technology with actuarial expertise to help reduce the time and costs that insurers, reinsurers and intermediaries face in producing actionable data feeding today's commercial and regulatory decision-making. Tyche and QOMPLX's combined team are building the insurance data factory of the future with superior capabilities for data integration, transformation, analysis, and contextualization for corporations, employees, and consumers. Tyche's core modeling platform focuses on the complex challenges facing insurers: pricing risks, modeling and reserving capital, and improving efficiency.