Brief: Agiiplus Inc Announces Merger Agreement With Goldenbridge Acquisition Limited To Become A Publicly Traded Company On Nasdaq

SunCar Technology

04/10/2021 13:42

Oct 4 (Reuters) - Goldenbridge Acquisition Ltd  GBRG.O :
    * GOLDENBRIDGE ACQUISITION LTD - UPON COMPLETION OF MERGER,
COMBINED COMPANY IS EXPECTED TO TRADE ON NASDAQ UNDER NEW TICKER
SYMBOL "AGII"
    * GOLDENBRIDGE ACQUISITION LTD - PROPOSED TRANSACTION VALUES
COMBINED CO AT ESTIMATED ENTERPRISE VALUE ON A PRO-FORMA BASIS
OF APPROXIMATELY $578 MILLION
    * GOLDENBRIDGE ACQUISITION LTD - AS PART OF TRANSACTION,
AGIIPLUS
COMMITS TO COMPLETE AN EQUITY FINANCING OF NO LESS THAN $15
MILLION
    * GOLDENBRIDGE ACQUISITION LTD - AIMS TO RAISE $35 MILLION
THROUGH
PIPE TRANSACTIONS
    * GOLDENBRIDGE ACQUISITION LTD - CURRENT MANAGEMENT TEAM OF
AGIIPLUS WILL CONTINUE TO RUN COMBINED COMPANY AFTER TRANSACTION
    * GOLDENBRIDGE ACQUISITION LTD - AGIIPLUS' SHAREHOLDERS AND
MANAGEMENT WILL RECEIVE 52 MILLION ORDINARY SHARES OF AGIIPLUS
GLOBAL

Source text for Eikon:  ID:nGNX9msQ8K 
Further company coverage:  GBRG.O 

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