Brief: Rise Education Cayman Ltd Receives Nasdaq Notice Of Non-Compliance And Non-Binding Proposal For Business Combination

NaaS Technology

18/01/2022 21:04

Jan 18 (Reuters) - Rise Education Cayman Ltd  REDU.O :
    * RISE EDUCATION CAYMAN LTD RECEIVES NASDAQ NOTICE OF
NON-COMPLIANCE AND NON-BINDING PROPOSAL FOR BUSINESS COMBINATION
    * RISE EDUCATION -  PURSUANT TO PROPOSED DEAL, COUNTER-PARTY
WILL
CONTRIBUTE ITS BUSINESS IN ELECTRICAL VEHICLE ECOSYSTEM IN
EXCHANGE FOR NEWLY ISSUED SHARES
    * RISE EDUCATION CAYMAN LTD -  IS EVALUATING PROPOSED
TRANSACTION
RECEIVED ON JANUARY 6, FROM A SPECIALIZED TECHNOLOGY PLATFORM
    * RISE EDUCATION CAYMAN LTD - PARTIES HAVE AGREED TO
NEGOTIATE ON
AN EXCLUSIVE BASIS FOR A PERIOD OF 28 DAYS BEGINNING JANUARY 17,
2022

Source text for Eikon:  ID:nPn41f0k4a 
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