Brief: Heidmar Inc. Announces Business Combination Agreement With Home Plate Acquisition Corporation

Home Plate Acquisition

20/03/2023 12:41

March 20 (Reuters) - Home Plate Acquisition Corp
 HPLT.O :
    * HEIDMAR INC. ANNOUNCES BUSINESS COMBINATION AGREEMENT WITH
HOME
PLATE ACQUISITION CORPORATION
    * HOME PLATE ACQUISITION CORP - PRO FORMA EQUITY VALUE OF
COMBINED
COMPANY WOULD BE APPROXIMATELY $261.4 MILLION
    * HOME PLATE ACQUISITION CORP - POST CLOSE, COMBINED CO WILL
OPERATE UNDER "HEIDMAR" NAME AND BE LISTED ON NASDAQ UNDER
TICKER SYMBOL "HMAR"
    * HOME PLATE ACQUISITION CORP - BOARD OF DIRECTORS OF BOTH
HOME
PLATE AND HEIDMAR HAVE UNANIMOUSLY APPROVED TRANSACTION
    * HOME PLATE ACQUISITION CORP - PANKAJ KHANNA, CEO OF
HEIDMAR,
WILL CONTINUE AS CEO OF COMBINED COMPANY
    * HOME PLATE ACQUISITION CORP - HEIDMAR'S EXISTING
SHAREHOLDERS
ARE EXPECTED TO OWN APPROXIMATELY 65% OF PRO FORMA COMBINED
COMPANY
    * HOME PLATE ACQUISITION- DANIEL CIPORIN, CHAIRMAN & CEO OF
HOME
PLATE, AND JONATHAN ROSENZWEIG, DIRECTOR & CFO OF HOME PLATE, TO
JOIN HEIDMAR BOARD

Source text for Eikon:  ID:nGNX8lcjYM 
Further company coverage:  HPLT.O 

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