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Swvl wants to undo a $40 million acquisition

Low on cash and high on losses, the Cairo-born mass transit firm wants to undo its 2022 acquisition of Volt Lines for $40 million as it searches for a way to survive. ....

Al Qahirah , United States , Ali Halabi , Youssef Saleem , Exchange Commission , Company Board Of Directors , Volt Lines , United States Securities , Latin American , Volt Lines Shareholders , Stock Analysis , Colle Capital , Victoria Grace , Gambit Capital ,

All eyes are on Swvl as it starts trading on a SPAC combination – TechCrunch

Mass transit and shared mobility provider Swvl went public today in a landmark moment for Egyptian and Middle Eastern tech ecosystems. It’s also a test for the company going public despite a market that’s been unfriendly toward combinations with special purpose acquisition companies, or SPACs, of late.  The Egypt-born and Dubai-based company has listed its […] ....

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