Brief: Agility To Invest In SWVL

Swvl Holdings

29/07/2021 09:26

July 29 (Reuters) - AGILITY PUBLIC WAREHOUSING COMPANY
 AGLT.KW :
    * WILL INVEST IN NEWLY ANNOUNCED BUSINESS COMBINATION
BETWEEN SWVL
INC AND QUEEN'S GAMBIT GROWTH CAPITAL 
    * SWVL AND QUEEN'S GAMBIT HAVE ENTERED INTO A DEFINITIVE
AGREEMENT
FOR A BUSINESS COMBINATION THAT WOULD RESULT IN SWVL BECOMING
FIRST $1 BILLION+ UNICORN FROM MIDDLE EAST TO BE LISTED ON
NASDAQ
    * FOR THIS TTRANSACTION, AGILITY WILL BE SUBSCRIBING FOR $20
MILLION (KD 6 MILLION) FOR 2 MILLION SHARES AND $10 MILLION (KD
3 MILLION) IN A CONVERTIBLE NOTE
    * AGILITY ALSO HAS PREVIOUSLY ANNOUNCED AN INVESTMENT OF
APPROXIMATELY $35 MILLION FOR A DIRECT AND AN INDIRECT MINORITY
STAKE IN INITIAL PUBLIC OFFERING OF THE SPECIAL PURPOSE
ACQUISITION COMPANIES (SPAC) QUEEN'S GAMBIT GROWTH CAPITAL

Further company coverage:  AGLT.KW 

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