Brief: Genesis Growth Tech Acquisition Announces Merger With NextTrip
22/05/2023 23:09
May 22 (Reuters) - Genesis Growth Tech Acquisition Corp
GGAA.O :
* GENESIS GROWTH TECH ACQUISITION CORP. ANNOUNCES EXECUTION
OF
BUSINESS COMBINATION AGREEMENT WITH TRAVEL TECHNOLOGY INNOVATOR
NEXTTRIP
* GENESIS GROWTH TECH ACQUISITION CORP: TRANSACTION IS
EXPECTED TO
BE COMPLETED IN SECOND HALF OF 2023
* GENESIS GROWTH TECH ACQUISITION: AS OF CLOSING, SURVIVING
ENTITY, UNDER NAME NEXTTRIP HOLDINGS, IS EXPECTED TO BE LISTED
ON NASDAQ GLOBAL MARKET
* GENESIS GROWTH TECH ACQUISITION - SHAREHOLDERS OF NEXTTRIP
WILL
EXCHANGE 100% OF EQUITY HOLDINGS FOR EQUITY IN SPAC IN
CONNECTION WITH MERGER
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