Meshflow Acquisition completes $345 million rights issue, plans to pursue mergers and acquisitions in the Web3 space.

Odaily Planet Daily reports that Nasdaq-listed special purpose acquisition company Meshflow Acquisition announced the issuance of 34,500,000 units (each unit comprising Class A common stock and redeemable warrants) at $10 each, raising a total of $345 million. The company will seek mergers, acquisitions, share swaps, asset purchases, restructurings, or similar business consolidations in areas such as crypto infrastructure, decentralized coordination tools, Web3 middleware, asset tokenization, and decentralized finance (DeFi) protocols. (Globenewswire)