Brief: Kubient And Adomni Announce Definitive Merger Agreement

Kubient

24/05/2023 22:26

Kubient Inc  KBNT.O :
    * KUBIENT AND ADOMNI ANNOUNCE DEFINITIVE MERGER AGREEMENT
    * KUBIENT INC - EQUITY HOLDERS OF ADOMNI ARE EXPECTED TO OWN
APPROXIMATELY 74% OF OUTSTANDING COMMON STOCK OF COMBINED
COMPANY
    * KUBIENT INC: WILL ACQUIRE 100% OF OUTSTANDING EQUITY
INTERESTS
IN ADOMNI, BY MEANS OF A REVERSE TRIANGULAR MERGER
    * KUBIENT INC - EQUITY HOLDERS OF KUBIENT ARE EXPECTED TO
OWN
APPROXIMATELY 26% OF OUTSTANDING COMMON STOCK OF COMBINED
COMPANY
    * KUBIENT : REVERSE TRIANGULAR MERGER OF UNIT OF KUBIENT
WITH AND
INTO ADOMNI, WITH ADOMNI SURVIVING AS A WHOLLY-OWNED SUBSIDIARY
OF KUBIENT
    * KUBIENT INC - IN CONNECTION WITH CLOSING OF MERGER,
KUBIENT IS
EXPECTED TO CHANGE ITS NAME TO "ADOMNI, INC."
    * KUBIENT INC: MERGER HAS BEEN UNANIMOUSLY APPROVED BY BOARD
OF
DIRECTORS OF EACH COMPANY
    * KUBIENT: FOLLOWING CLOSING OF MERGER, COMBINED CO IS
EXPECTED TO
OPERATE UNDER NAME "ADOMNI, INC."

Source text for Eikon:  ID:nGNX1LKgz5 
Further company coverage:  KBNT.O