M&A · Financials · Finance Services
EcoChain, Inc. to acquire Mechanical Technology Inc
Announced Aug 12, 2021 · Pending Aug 30, 2021
Deal value—
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationCash and stock
Transaction
- Acquirer
- EcoChain, Inc.
- Target
- Mechanical Technology Inc (SLNH)
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Pending Aug 30, 2021
Deal protections
- Break fee (target pays)
- —
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Not disclosed
- To the target
- Kroll
Sector context · Financials
- Comparable deals
- 49 in the prior 24 months
- Premium
- Sector median 39.8%
- EV / Adj. EBITDA
- Sector median 21.6x
- Break fee
- Sector median 3.7%
Timeline
- AnnouncedAug 12, 2021
- Proxy filedAug 30, 2021
- Definitive proxyPending
- Shareholder votePending
- ClosedPending
Valuation · fairness opinions
Discounted cash flow$5,000,000.00$60,000,000.00
Implied value per Mechanical Technology Inc share by analysis, from Kroll · DCF discount rate 30%–35%.