Brief: Giga-tronics, BitNile Holdings and Gresham Worldwide Sign Share Exchange Agreement

Gresham Worldwide

28/12/2021 11:36

Dec 28 (Reuters) - BitNile Holdings Inc  NILE.N :
    * GIGA-TRONICS, BITNILE HOLDINGS AND GRESHAM WORLDWIDE SIGN
SHARE
EXCHANGE AGREEMENT
    * BITNILE HOLDINGS - AT CLOSING OF DEAL, GIGA TO ACQUIRE GWW
FROM
CO FOR SHARES OF GIGA COMMON AND PREFERRED STOCK
    * BITNILE HOLDINGS INC - AT CLOSE OF DEAL, CO WILL LOAN GIGA
$4.25
MILLION
    * BITNILE HOLDINGS - COMBINED ENTITY WILL UPON CLOSING OF
AGREEMENT CONTINUE AS STANDALONE PUBLICLY TRADED COMPANY
    * BITNILE HOLDINGS INC -  AT CLOSE OF DEAL, GIGA WILL
REPURCHASE
OR REDEEM ITS CURRENTLY OUTSTANDING SHARES OF PREFERRED STOCK
    * BITNILE HOLDINGS INC - APPROXIMATELY 68% OF COMBINED
ENTITY WILL
BE INDIRECTLY OWNED BY BITNILE

Source text for Eikon:  ID:nBw37cfmva 
Further company coverage:  NILE.N 

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