Brief: Seqll Inc. Enters Into A Definitive Merger Agreement With Lyneer Staffing Solutions And Atlantic Acquisition Corp.

Atlantic International

30/05/2023 13:51

May 30 (Reuters) - SeqLL Inc  SQL.O :
    * SEQLL INC. ENTERS INTO A DEFINITIVE MERGER AGREEMENT WITH
LYNEER
STAFFING SOLUTIONS AND ATLANTIC ACQUISITION CORP.
    * SEQLL INC - UNDER TERMS OF MERGER AGREEMENT, SEQLL WILL
PAY
$60,000,000 IN CASH TO LYNEER MEMBERS
    * SEQLL - PURSUANT TO TERMS OF MERGER AGREEMENT, CO HAS
AGREED TO
FILE WITH SEC A REGISTRATION STATEMENT FOR OFFER OF ABOUT $75
MILLION OF ITS COMMON STOCK
    * SEQLL INC - PROCEEDS OF STOCK OFFERING WILL BE USED TO PAY
$60
MILLION CASH CONSIDERATION IN MERGER TO LYNEER MEMBERS
    * SEQLL INC - PURSUANT TO MERGER AGREEMENT, LYNEER WILL
BECOME A
WHOLLY-OWNED SUBSIDIARY OF SEQLL

Source text for Eikon:  ID:nGNX5tyBJ9 
Further company coverage:  SQL.O 

 ((Reuters.Briefs@thomsonreuters.com;))