Qomplx, a cloud-native provider of risk analytics, and Tailwind Acquisition Corp., a special purpose acquisition company, have agreed to combine. Upon closing of the transaction, the combined company will operate as QOMPLX and plans to list under the symbol “QPLX.”
“Today’s agreement furthers Qomplx’s mission to help organizations get to “ground truth” in their cybersecurity and risk quantification, risk management and risk finance efforts. Andrew and I founded Qomplx with the express goal of allowing organizations to make economically rational decisions about cybersecurity and other challenging risks. Exceptional risk programs require continuous monitoring of real world data along with prospective modeling of future scenarios,” said Jason Crabtree, co-founder & CEO of Qomplx. “Reaching public markets via our partnership with Tailwind expedites Qomplx’s ability to reach more customers globally and supports our continued development of the core technology platform for mission critical customer applications. With the exceptional Sentar and Tyche domain experts joining Qomplx, we are poised for growth fueled by extraordinary people, defensible technology, and a strong balance sheet.”
Jefferies is serving as exclusive financial advisor, sole placement agent on the PIPE, and lead capital markets advisor to Tailwind. Piper Sandler is also serving as capital markets advisor to Tailwind. Barclays is serving as exclusive financial advisor and capital markets advisor to QOMPLX. Mizuho and William Blair are also serving as capital markets advisors to QOMPLX. Kirkland & Ellis LLP is acting as legal counsel to Tailwind Acquisition Corp. and King & Spalding LLP is acting as legal counsel to QOMPLX.