Brief: MGO Global & Heidmar Entered Into An Agreement For A Business Combination

MGO Global

20/06/2024 14:47

June 20 (Reuters) - MGO Global Inc  MGOL.O :
    * MGO GLOBAL INC: CO & HEIDMAR, INC. ENTERED INTO AN
AGREEMENT FOR
A BUSINESS COMBINATION
    * MGO GLOBAL: ON DEAL COMPLETION, COMBINED CO TO OPERATE
UNDER
HEIDMAR NAME & BE LISTED ON NASDAQ CAPITAL MARKET UNDER SYMBOL
“HMAR”
    * MGO GLOBAL: UNDER DEAL, HEIDMAR’S SHAREHOLDERS TO EXCHANGE
THEIR
SHARES OF HEIDMAR COMMON STOCK FOR $300 MILLION IN REGISTERED
COMMON SHARES OF PUBCO
    * MGO GLOBAL: UNDER DEAL, CO SHAREHOLDERS TO GET 1
REGISTERED
COMMON SHARE OF PUBCO FOR EACH SHARE OF COS COMMON STOCK WITH
IMPLIED EQUITY VALUE $18 MILLION

Source text for Eikon:  ID:n0001493152-24-024433 
Further company coverage:  MGOL.O 

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