# SDCL EDGE Acquisition Corporation signs LOI for business combination with Cunova and KME Aerospace

SDCL EDGE Acquisition Corporation has signed a non-binding letter of intent for a business combination with Magnet Joint Venture GmbH's subsidiary Cunova and KME's Specialty Aerospace Business. KME is expected to hold a majority stake in the combined entity.

- Type: Acquisition
- Announced: 2023-08-21
- Status: announced
- Products: specialty metals, critical components for industrials and maritime, aerospace components
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [SDCL EDGE Acquisition Corporation](https://endata.com/companies/11550.md)
- [cunova](https://endata.com/companies/11549.md) (target)
- [SDCL EDGE Acquisition Corporation](https://endata.com/companies/11550.md) (acquirer)
- [KME Aerospace](https://endata.com/companies/11551.md) (target)
- [KME Group](https://endata.com/companies/11552.md) (acquirer)
- [KME Group](https://endata.com/companies/11552.md) (target)
- [Magnet Joint Venture GmbH](https://endata.com/companies/72146.md) (partner)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1846975/000182912623005554/sdcledgeacq_ex99-1.htm), 2023-08-21: "SDCL EDGE Acquisition Corporation announced today that it has executed a non-binding letter of intent with Magnet Joint Venture GmbH, KME SE and The Paragon Fund III GmbH & Co. geschlossene Investment KG, for a proposed business combination relating to the special product business of Cunova GmbH and"
- [akm.ru](https://www.akm.ru/eng/news/seda-plans-to-merge-cunova-and-kme-aerospace/), 2023-08-23: "SDCL EDGE Acquisition Corporation (SEDA) has signed a non-binding letter of intent with Magnet Joint Venture GmbH, KME SE and Paragon Fund III GmbH & Co. geschlossene Investment KG through the merger of Cunova GmbH and KME Aerospace."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.