Brief: Global Blockchain Acquisition And Cardea Corporate Holdings, Announce The Execution Of A Definitive Merger Agreement

Global Blockchain Acquisition

18/08/2023 01:49

Aug 17 (Reuters) - Global Blockchain Acquisition Corp
 GBBK.O :
    * GLOBAL BLOCKCHAIN ACQUISITION CORP. AND CARDEA CORPORATE
HOLDINGS, INC. ANNOUNCE THE EXECUTION OF A DEFINITIVE MERGER
AGREEMENT
    * TRANSACTION REFLECTS AN IMPLIED PRO-FORMA ENTERPRISE
VALUATION
FOR CARDEA OF APPROXIMATELY $175 MILLION
    * : TRANSACTION CONSIDERATION WILL BE PAID IN NEWLY ISSUED
SHARES
OF COMMON STOCK OF GBBK
    * GLOBAL BLOCKCHAIN ACQUISITION: UPON COMPLETION OF
TRANSACTION,
GBBK WILL BE RENAMED "CARDEA CAPITAL HOLDINGS, INC." AND WILL BE
LISTED ON NASDAQ
    * : BOARDS OF DIRECTORS OF GBBK AND CARDEA BOTH UNANIMOUSLY
APPROVED PROPOSED BUSINESS COMBINATION
    * : CURRENTLY ANTICIPATED THAT TRANSACTION WILL CLOSE BY END
OF Q1
OF 2024
    * GLOBAL BLOCKCHAIN ACQUISITION-WHOLLY-OWNED SUBSIDIARY OF
CO WILL
MERGE WITH & INTO CARDEA, AND CARDEA WILL BECOME A WHOLLY-OWNED
SUBSIDIARY OF GBBK

Source text for Eikon:  ID:nGNX6gszpq 
Further company coverage:  GBBK.O 

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