Brief: Spartan Acquisition Announces Its Qualifying Transaction

Forbidden Spirits Distilling

24/11/2020 01:14

Nov 23 (Reuters) - Spartan Acquisition Corp  VDKAp.V :
    * ANNOUNCES ITS QUALIFYING TRANSACTION
    * ENTERED INTO A BINDING NON-ARM'S LENGTH AMALGAMATION
AGREEMENT
DATED NOVEMBER 20, 2020 WITH FORBIDDEN DISTILLERY INC
    * UPON COMPLETION OF AMALGAMATION, CO EXPECTS THAT RESULTING
ISSUER WILL BE NAMED "FORBIDDEN SPIRITS DISTILLING CORP"
    * SPARTAN WILL ACQUIRE FORBIDDEN THROUGH ISSUANCE OF
40,296,000
RESULTING ISSUER SHARES AT  PRICE OF $0.30 PER SHARE
    * SPARTAN WILL ESSENTIALLY ACQUIRE FORBIDDEN FOR AGGREGATE
DEEMED
CONSIDERATION OF $12,088,800

Source text for Eikon:  ID:nCNWFff1xa 
Further company coverage:  VDKAp.V 

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