HomeToGo GmbH entered into a non-binding letter of intent to acquire Lakestar SPAC I SE (DB:LRS1) in a reverse merger transaction for €853 million on June 4, 2021. HomeToGo GmbH entered into a definitive business combination agreement to acquire Lakestar SPAC I SE (DB:LRS1) in a reverse merger transaction on July 14, 2021. The transaction values the Combined Company at an equity value of €1.2 billion and an enterprise value of €861 million. The current HomeToGo shareholders, convertible lenders and holders of virtual options are expected to receive 85 million shares in the Combined Company, retaining 69% of the post transaction equity in aggregate. Lakestar SPAC I investors and founders are expected to retain 25% in the Combined Company and PIPE investors will invest EUR 75 million resulting in a 6% equity interest. As on August 13, 2021, Lakestar SPAC I SE will Shareholder meeting on September 13, 2021 for approval of the proposed business combination with HomeToGo GmbH, Change of the name of the Company into “HomeToGo SE”. This change will require a majority of two-thirds of the share capital present at the EGM and Appointment of Christoph Schuh, Dirk Altenbeck, Philipp Kloeckner, Martin Reiter, Susanne Sandler and Thilo Semmelbauer as new members of the supervisory board, effective as of the decision of the supervisory board of the Company to be taken on the date following the Business Combination. The amount of cash remaining with Lakestar SPAC I SE after redemptions will be significantly higher than €175 million, the minimum cash amount agreed upon by the Lakestar SPAC I SE and HomeToGo in the business combination agreement. As of September 13, 2021, shareholder`s of Lakestar SPAC I approved the transaction and EGM also approved the renaming of the company and appointed the members of its new Supervisory Board. Upon closing of the Transaction, the listed entity is expected to be named HomeToGo and will be listed on the Frankfurt Stock Exchange under the ticker "HTG". The combined company will be led by Dr. Patrick Andrae (Co-founder and CEO of HomeToGo), Wolfgang Heigl (Co-founder and Chief Strategy Officer (CSO) of HomeToGo), Valentin Gruber (newly appointed COO of HomeToGo) and Steffen Schneider (CFO of HomeToGo). Martin Reiter will join the supervisory board and is also investing in the Combined Company. The closing of the Transaction is subject to the approval of the Company's shareholders and the satisfaction or waiver of certain other customary closing conditions. The Transaction is expected to complete in the third quarter of 2021. As of September 13, 2021, the closing of the business combination is expected to occur by the end of September 2021. HomeToGo plans to use the proceeds from the De-SPAC transaction to drive its organic growth. Deutsche Bank acted as financial advisor to Lakestar SPAC I and Morgan Stanley acted as financial advisor to HomeToGo. Carsten Berrar, Konstantin Technau and Clemens Rechberger of Sullivan & Cromwell served as legal counsel to Lakestar SPAC I. Philipp Klöckner, George Hacket, Thomas Krecek, Benedikt von Wissel and Julia Zeller of Clifford Chance and Vogel Heerma Waitz served as legal counsel to HomeToGo. Nicolas Ott, Matthias Heusel and and Jan Friedrichson of Schilling, Zutt & Anschutz acted as legal advisor to HomeToGo. Katy Ritzmann of GSK Stockmann advises HomeToGo GmbH and Princeville Capital. Alexander Olliges and François Warken of Arendt & Medernach SA acted legal advisors to sponsors of Lakestar SPAC I SE.