Brief: Globis Acquisition Enters Into A Definitive Business Combination Agreement With Forafric

Forafric Global

20/12/2021 11:32

Dec 20 (Reuters) - 
    * GLOBIS ACQUISITION - FORAFRIC ENTERS INTO A DEFINITIVE
BUSINESS
COMBINATION AGREEMENT WITH CO
    * GLOBIS ACQUISITION CORP  -     PRO FORMA ENTERPRISE VALUE
OF
COMBINED COMPANY IS APPROXIMATELY $300 MILLION
    * GLOBIS ACQUISITION CORP - PARTIES INTEND THAT GLOBIS WILL
CHANGE
ITS JURISDICTION OF INCORPORATION TO GIBRALTAR, BE RENAMED
FORAFRIC GLOBAL PLC
    * GLOBIS ACQUISITION CORP -  COMMON STOCK IS EXPECTED TO BE
LISTED
ON THE NASDAQ UNDER THE TICKER SYMBOL ‘AFRI.’
    * GLOBIS ACQUISITION - EXISTING GLOBIS STOCKHOLDERS WHO
DON’T
EXERCISE THEIR REDEMPTION RIGHTS WILL ROLL 100% OF THEIR EQUITY
INTO COMBINED CO

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