Swedish Security Firm Yubico to Go Public Via Bure SPAC Merger

ACQ Bure AB, Sweden’s first special purpose acquisition company, has agreed to merge with IT security firm Yubico AB, according to a statement.

The merger sent ACQ Bure’s shares soaring as much as 12% on Nasdaq Stockholm on Wednesday. The transaction values Yubico’s shares at $800 million and comprises cash and newly issued stock in the SPAC.

Stockholm-based Yubico, founded in 2007 by entrepreneurs Stina and Jakob Ehrensvard, specializes in a hardware authentication device called YubiKey that is used to protect access to computers and web services such as Facebook and Google.

Current investors in Yubico include ...