Benny Landa’s Landa Digital Printing is planning an SPAC merger forward of a NASDAQ IPO. Calcalist reported completely that Landa Digital Printing expects to return away with a $2 billion valuation. Financial institution of America is claimed to steer the SPAC merger.
A particular goal acquisition firm (SPAC) is a enterprise that has no business operations and is based solely to boost money by way of an preliminary public providing (IPO) to amass one other enterprise. SPACs, also referred to as “clean test corporations,” have existed for many years.
Landa Digital Printing is a member of the Landa group. It was spun off from Landa Labs. The corporate has developed a novel digital know-how referred to as Nanography for the business, packaging and publishing markets. LDP boasts that Nanography bridges the “important profitability hole between offset and digital printing by enabling printers to cost-effectively produce short-to-medium run lengths.”
LDP has raised $700 million in whole investments so far. The corporate introduced in $300 million in June 2018. After that spherical of funding LDP got here away with a $1.8 billion valuation.
Benny Landa is LDP’s majority shareholder. He personally has a 54% curiosity within the firm. Altana holding owns 33.3% and SKion holds the remaining 12.7% of LDP.
Born in Poland in 1946 to Holocaust survivors, Benny Landa boasts that he modified the course of the printing business at IPEX in 1993, when he unveiled the E-Print 1000, the world’s first digital colour printing press. He got here to be generally known as the daddy of digital printing.
In 1971, he and a colleague based Imtec, an organization that might later grow to be Europe’s largest micrographics firm. Benny invented the corporate’s core imaging know-how, and whereas researching liquid toners, labored on a technique of high-speed picture improvement that might later result in his groundbreaking invention of ElectroInk