Cyber defense technology company RedLattice plans to merge with SPAC Bold Eagle (BEAG.US) for a public listing, with a valuation of $1.25 billion.

Smart Finance APP has learned that, according to sources familiar with the matter, the cybersecurity technology company RedLattice, backed by a private equity firm, will list via a merger with the special purpose acquisition company (SPAC) Bold Eagle Acquisition Corp. (BEAG.US). The sources said the deal values RedLattice at approximately $1.25 billion (including debt), and the transaction could be announced as early as Monday. According to these sources, the deal is expected to raise up to about $610 million in total funding for RedLattice, which includes $335 million committed by new and existing investors, as well as up to $275 million from Bold Eagle's trust account.