Braiin Ltd. Announces Business Combination with Northern Revival Acquisition Corp.

Winston & Strawn LLP is representing Braiin Ltd., an Australia-based company that provides end-to-end precision agriculture solutions and analytics services to farmers and land bureaus that improve farm productivity, crop yields, and environmental sustainability, in connection with its announced business combination with Northern Revival Acquisition Corp. (NRAC), a publicly traded special purpose acquisition company. Under the business combination agreement, NRAC will acquire all the outstanding shares of Braiin from its existing shareholders in exchange for newly issued ordinary shares of NRAC. Braiin shareholders holding 100% of its currently outstanding ordinary shares have signed on to sell their shares to NRAC under the agreement and will own approximately 65% of the post-closing combined public company, assuming no redemptions by NRAC’s public shareholders. The pro forma value of the combined company is expected to be approximately US$215M.