Alicorn Limited has entered into a definitive agreement to acquire remining majority stake in Glassbox Ltd (TASE:GLBX) on May 20, 2024. Alicorn Venture Partners acquiring in an all-cash transaction valued at approximately $150 million. Glassbox will become an independent, privately held company positioned to drive category-defining innovation and sustainable growth on its path to revolutionizing the way companies engage and connect with their customers online.

The company will continue to be led by Chief Executive OfficerYaron Morgenstern and the existing management team. Upon completion of the transaction, Glassbox will no longer be traded or listed on any public securities exchange. The transaction is expected to close in Q3 2024, subject to approval by Glassbox shareholders and the satisfaction of other customary closing conditions.

Herzog Fox & Neeman acted as legal advisor to Glassbox, Fischer (FBC & Co.) acted as legal advisor to Alicorn