Brief: Fast Finance 24 Announces Conclusion Of Contract For Reverse Takeover From Standard Vape Corporation

Fast Finance 24 Holding AG

08/03/2021 14:42

March 8 (Reuters) - FAST FINANCE 24 HOLDING AG  FF24.DE :
    * ANNOUNCES CONCLUSION OF CONTRACT FOR REVERSE TAKEOVER FROM
STANDARD VAPE CORPORATION
    * DECIDED ON ALL-EQUITY TRANSACTION WITH STANDARD VAPE
CORPORATION, AT END OF WHICH TWO WHOLLY-OWNED SUBSIDIARIES OF
FF24 HOLDING BECOME SUBSIDIARIES OF SVAP THROUGH A SHARE SWAP
    * AFTER COMPLETION, FAST FINANCE 24 WILL HOLD MAJORITY OF
COMPANY,
WHICH COMES FROM FIELD OF E-CIGARETTE AND VAPING TECHNOLOGY
    * TRANSACTION BY EXCHANGING 100,000 SVAP PREFERENCE SHARES
FOR
100% OF ISSUED SHARE CAPITAL OF GERMAN COMPANIES. FAST FINANCE
24 THEN HOLDS 90% OF SVAP
    * NAME CHANGE WILL BE ANNOUNCED SHORTLY TO BETTER REFLECT
THE NEW
BUSINESS DIRECTION IN FINTECH
    * MR. ANDREAS GARKE, CEO AND CO-FOUNDER OF FAST FINANCE24
HOLDING,
WILL BE NEW CHAIRMAN OF SVAP

Source text for Eikon:  ID:nEQ7fbTdja 
Further company coverage:  FF24.DE 

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