Brief: Goldenstone Acquisition Announces Definitive Merger Agreement With Roxe Holding

CHI Special Acquisition

22/06/2022 03:03

June 21 (Reuters) - Goldenstone Acquisition Ltd  GDST.O :
    * GOLDENSTONE ACQUISITION LIMITED ANNOUNCES DEFINITIVE
MERGER
AGREEMENT WITH ROXE HOLDING INC, A BLOCKCHAIN PAYMENT COMPANY
    * SAYS PRO FORMA COMBINED ENTERPRISE VALUE AT SIGNING IS
APPROXIMATELY $3.6 BILLION
    * IT IS EXPECTED THAT ROXE STOCKHOLDERS WILL ROLL 100% OF
THEIR
EQUITY INTO COMBINED COMPANY
    * DEAL INCLUDES NO MINIMUM CASH REQUIREMENT
    * IN CONNECTION WITH CLOSING OF TRANSACTION, GOLDENSTONE
WILL BE
RENAMED AS "ROXE HOLDING GROUP INC"
    * GOLDENSTONE ACQUISITION - CERTAIN STOCKHOLDERS WILL HAVE
POTENTIAL TO RECEIVE EARNOUT FOR ADDITIONAL SHARES OF EQUITY IF
CERTAIN PRICE TARGETS ARE MET

Source text for Eikon:  ID:nGNX3LyRT7 
Further company coverage:  GDST.O 

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