Brief: African Agriculture To List On Nasdaq Via Planned Merger With 10X Capital Venture Acquisition Corp II

African Agriculture Holdings

03/11/2022 01:24

Nov 2 (Reuters) - 10X Capital Venture Acquisition Ii
Corp  VCXA.O :
    * AFRICAN AGRICULTURE, A GLOBAL FOOD SECURITY AND
SUSTAINABILITY
COMPANY, TO LIST ON NASDAQ VIA PLANNED MERGER WITH 10X CAPITAL
VENTURE ACQUISITION CORP II (NASDAQ: VCXA)
    * BUSINESS COMBINATION BASED ON A PRE-MONEY ENTERPRISE VALUE
FOR
AAGR OF $450 MILLION
    * COMBINED PUBLIC COMPANY WILL BE LED BY CURRENT AAGR CEO
ALAN
KESSLER
    * 10X CAPITAL VENTURE ACQUISITION-CO AND AFRICAN AGRICULTURE
HAVE
SECURED $100 MILLION EQUITY LINE OF CREDIT FACILITY FROM
AFFILIATE OF YORKVILLE ADVISORS
    * 10X CAPITAL VENTURE ACQUISITION II-SECURED UP TO $100
MILLION
BACKSTOP COMMITMENT TO HELP OFFSET IMPACT OF POTENTIAL
SHAREHOLDER REDEMPTIONS

Source text for Eikon:  ID:nGNX8T921q 
Further company coverage:  VCXA.O 
 ((Reuters.Briefs@thomsonreuters.com;))