Net Element and Cazador Acquisition Corp., will merge into Net Element International Inc. (Nasdaq: NETE) and start trading on Wednesday, Oct. 3.
Miami-based Net Element is a technology company that provides mobile payment processing. Cazador was formed for the deal as a special-purpose acquisition company.
Aegis Capital Corp. acted as Cazador’s financial adviser, and Reed Smith LLP acted as legal adviser. Bilzin Sumberg Baena Price & Axelrod LLP acted as legal counsel, and Primary Capital LLC acted as adviser to Net Element.