Brief: Glorifi Enters Into An Agreement To Become Publicly Traded Via Business Combination With DHC Acquisition Corp

Brand Engagement Network

25/07/2022 22:44

July 25 (Reuters) - DHC Acquisition Corp  DHCA.O :
    * GLORIFI, A PRO-AMERICA, MISSION-DRIVEN TECHNOLOGY COMPANY
THAT
AIMS TO EMPOWER MEMBERS TO PUT THEIR MONEY WHERE THEIR VALUES
ARE THROUGH A SUITE OF FINANCIAL SERVICES, ENTERS INTO AN
AGREEMENT TO BECOME PUBLICLY TRADED VIA BUSINESS COMBINATION...
    * DHC ACQUISITION CORP - BUSINESS COMBINATION VALUES GLORIFI
AT A
PRO FORMA ENTERPRISE VALUE OF APPROXIMATELY $1.7 BILLION
    * DHC ACQUISITION CORP - TRANSACTION EXPECTED TO PROVIDE
APPROXIMATELY $279 MILLION IN CASH PROCEEDS
    * DHC ACQUISITION CORP - GLORIFI'S EXISTING EQUITY HOLDERS
WILL
ROLL FORWARD 100% OF THEIR EXISTING SHARES
    * DHC ACQUISITION CORP -  ONCE PROPOSED TRANSACTION CLOSES,
GLORIFI WILL POTENTIALLY TRADE ON NASDAQ UNDER REQUESTED TICKER
SYMBOL "GLRI"

Source text for Eikon:  ID:nBw1mj5zha 
Further company coverage:  DHCA.O 

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