Brief: Rise Capital Corp Enters Into Letter Of Intent For Qualifying Transaction With Miniluxe, Inc

MiniLuxe Holding

28/06/2021 16:26

June 28 (Reuters) - Rise Capital Corp  RSEp.V :
    * RISE CAPITAL CORP ENTERS INTO LETTER OF INTENT FOR
QUALIFYING
TRANSACTION WITH MINILUXE, INC
    * RISE CAPITAL CORP - PURSUANT TO DEAL TERMS, ALL OF ISSUED
&
OUTSTANDING STOCK OF MINILUXE WILL BE EXCHANGED FOR CO'S SHARES
    * RISE CAPITAL CORP - TRANSACTION DOES NOT CONSTITUTE A
NON-ARM'S
LENGTH QUALIFYING TRANSACTION
    * RISE CAPITAL CORP - IF DEAL IS COMPLETED, ALL OF CO'S
EXISTING
DIRECTORS, OTHER THAN VERNON LOBO, WILL RESIGN
    * RISE CAPITAL CORP - ZOE KRISLOCK WILL SERVE AS CEO OF THE
RESULTING ISSUER
    * RISE CAPITAL CORP - ANTHONY TJAN WILL SERVE AS DIRECTOR,
CHAIRMAN OF BOARD OF COMBINED CO

Source text for Eikon:  urn:newsml:reuters.com:*:nGNX11Y3wH
Further company coverage:  RSEp.V 

 ((Reuters.Briefs@thomsonreuters.com;))