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‘Commerce-as-a-Service’ Platform Goes Public in $646 Million SPAC

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

E-commerce software provider Nogin is going public through a SPAC, or special purpose acquisition company, after merging with Software Acquisition Group Inc. III (SWAG III). The deal would give the platform provider to Modcloth and Justice an enterprise value of $646 million, and raises up to $191 million in cash to fund its growth. The combined…

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