Majic Window

OceanTech Acquisitions I Corp. Announces Stockholder Approval of Extension of Deadline to Complete Business Combination

Retrieved on: 
Friday, December 2, 2022
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The Extension provides the Company with additional time to complete the previously announced proposed business combination (the Transaction) with Majic Wheels Corp., a Wyoming corporation.

Key Points: 
  • The Extension provides the Company with additional time to complete the previously announced proposed business combination (the Transaction) with Majic Wheels Corp., a Wyoming corporation.
  • The Company previously extended the period of time it has to consummate its initial business combination from June 2, 2022, to December 2, 2022.
  • OceanTech has deposited into the Trust Account $125,000 for the initial extension period (commencing December 3, 2022, and ending January 2, 2022).
  • On November 15, 2022, OceanTech entered into a definitive business combination agreement pursuant to which it would acquire Majic Wheels Corp., a Wyoming corporation (the Target).

Majic Wheels Corp. Enters Definitive Merger Agreement with OceanTech Acquisitions I Corp.

Retrieved on: 
Tuesday, November 15, 2022
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Additionally, concurrent and in connection with the Merger Agreement, OceanTech and Majic Wheels have entered into a Forward Share Purchase Agreement for up to $40 million committed backstop by Meteora Capital Partners and its affiliates (collectively, Meteora).

Key Points: 
  • Additionally, concurrent and in connection with the Merger Agreement, OceanTech and Majic Wheels have entered into a Forward Share Purchase Agreement for up to $40 million committed backstop by Meteora Capital Partners and its affiliates (collectively, Meteora).
  • Sathyanandham Anguswami, CEO of Majic Wheels, comments: Majic Wheels has spent the past year transforming and refocusing its core business, whilst simultaneously innovating it during a historic macro-economic downturn.
  • As a result, we are excited to be emerging with a value proposition that is stronger than ever, and for which this Merger Agreement with OceanTech will be invaluable.
  • OceanTech is sponsored by OceanTech Acquisitions I Sponsors LLC, an affiliate of investor and entrepreneur Joseph Adir.

Majic Wheels Corp. Enters Definitive Merger Agreement with OceanTech Acquisitions I Corp.

Retrieved on: 
Tuesday, November 15, 2022
Retail, Insurance, Technology, Finance, Fintech, Transportation, Blockchain, Professional Services, Travel, Luxury, Maritime, Transport, Vacation, Software, Cruise, Cryptocurrency, Crypto, Communication, Combined, Trust, Proxy, Madison Avenue, Acquisition, Security (finance), Mergers and acquisitions, Person, Science and technology in Asia, Risk, Name, Investment, PIPE, Tripura Merger Agreement, Floor, Form, Prospectus, LLP, COVID-19, Sale, Business architecture, Failure, OTC, File, Combination company, Blockchain, Nelson Mullins Riley & Scarborough, B2B, Insurance, Wheel, Airline, Cryptocurrency, Risk management, Financial technology, Majic Window

Majic Wheels Corp. (Majic Wheels) (OTC: MJWL), a holding company that operates through its subsidiary companies focused on disruptive industries such as Fintech, Insurtech, software development, and crypto exchange platform, through strategic acquisitions, and OceanTech Acquisitions I Corp. (OceanTech) (Nasdaq: OTEC/OTECU/OTECW), a special purpose acquisition company, today announced that they have entered into a definitive business combination agreement (the Merger Agreement) that will result in Majic Wheels becoming a publicly listed company on The Nasdaq Stock Market LLC.

Key Points: 
  • Majic Wheels Corp. (Majic Wheels) (OTC: MJWL), a holding company that operates through its subsidiary companies focused on disruptive industries such as Fintech, Insurtech, software development, and crypto exchange platform, through strategic acquisitions, and OceanTech Acquisitions I Corp. (OceanTech) (Nasdaq: OTEC/OTECU/OTECW), a special purpose acquisition company, today announced that they have entered into a definitive business combination agreement (the Merger Agreement) that will result in Majic Wheels becoming a publicly listed company on The Nasdaq Stock Market LLC.
  • Additionally, concurrent and in connection with the Merger Agreement, OceanTech and Majic Wheels have entered into a Forward Share Purchase Agreement for up to $40 million committed backstop by Meteora Capital Partners and its affiliates (collectively, Meteora).
  • Sathyanandham Anguswami, CEO of Majic Wheels, comments: Majic Wheels has spent the past year transforming and refocusing its core business, whilst simultaneously innovating it during a historic macro-economic downturn.
  • As a result, we are excited to be emerging with a value proposition that is stronger than ever, and for which this Merger Agreement with OceanTech will be invaluable.

WITHERITE LAW GROUP AND FIESTA PARTNER TO FEED OVER 1,200 FAMILIES ACROSS THE METROPLEX THIS THANKSGIVING

Retrieved on: 
Monday, November 7, 2022
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DALLAS, Nov. 7, 2022 /PRNewswire/ -- Witherite Law Group, 1-800-TruckWreck, Dallas' prominent hip hop and R&B radio stations and Fiesta are joining together to provide meals to Dallas-Fort Worth-area families this Thanksgiving – feeding over 1,200 families across the Metroplex. 

Key Points: 
  • DALLAS, Nov. 7, 2022 /PRNewswire/ -- Witherite Law Group , 1-800-TruckWreck ,Dallas' prominent hip hop and R&B radio stations and Fiesta are joining together to provide meals to Dallas-Fort Worth-area families this Thanksgiving feeding over 1,200 families across the Metroplex.
  • Witherite Law Group and its partners are committed to serving the community and ensuring those impacted by economic circumstances can have a healthy meal this holiday season.
  • And there doesn't seem to be any relief in sight," said Amy Witherite, founder of Witherite Law Group and 1-800-TruckWreck.
  • Witherite Law Group is a personal injury law firm founded in 2001 with offices in Atlanta (also serving Columbus and Macon), Dallas, and Fort Worth.

Majic Wheels Corp. Announces Changes to its Fiscal Year

Retrieved on: 
Thursday, November 3, 2022
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HOUSTON, TEXAS, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Majic Wheels Corp. (OTC: MJWL), a Wyoming-based holding company priming itself as a mainstay in the disruptive tech space through strategic mergers and acquisitions, has announced a change to its fiscal year.

Key Points: 
  • HOUSTON, TEXAS, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Majic Wheels Corp. (OTC: MJWL), a Wyoming-based holding company priming itself as a mainstay in the disruptive tech space through strategic mergers and acquisitions, has announced a change to its fiscal year.
  • Composed of a team with multiple decades' worth of experience and diverse backgrounds that grant them matchless insight and analysis capabilities, Majic intends to be two steps ahead of the fast-paced, ever-changing, competitive crypto market.
  • For additional information on Majic Wheels Corp., please refer to the companys website: https://majiccorp.co/
    This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions.
  • Many factors are difficult to predict accurately and are generally beyond the company's control.

Majic Wheels Corp. Announces Resignation of David Chong and Appoints Sathyanandham Anguswami as CEO

Retrieved on: 
Tuesday, October 18, 2022
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He has managed a $100 million proprietary fund, and is a FINRA Series 3 professional, and a DIFX Certified Trading Manager.

Key Points: 
  • He has managed a $100 million proprietary fund, and is a FINRA Series 3 professional, and a DIFX Certified Trading Manager.
  • Since joining the company in 2021, I have been involved in all facets of the business and am more confident than ever in Majic Wheels potential.
  • We would like to thank David for his time at Majic Wheels, and wish him every success in his future endeavours.
  • Speaking of his departure, David commented: I have enjoyed my time at Majic Wheels immensely.

(CORRECTION) Majic Wheels Corp. Appoints Chairman & Chief Strategy Officer

Retrieved on: 
Tuesday, June 28, 2022
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Joining the diverse, global team behind the Majic Wheels operation is Jeffrey Coats, who brings with him a rich background ranging from political analysis to internet-focused equity investment and high-level consulting.

Key Points: 
  • Joining the diverse, global team behind the Majic Wheels operation is Jeffrey Coats, who brings with him a rich background ranging from political analysis to internet-focused equity investment and high-level consulting.
  • He will be assuming the official roles of Chief Strategy Officer and Executive Chairman of the Board, in addition to overseeing investor relations, banking relationships, as well as financial and corporate activities to properly position the company for a future NASDAQ uplisting.
  • Jeffrey also served as President and CEO of Autobytel/AutoWeb (ABTL/AUTO) for over a decade, and successfully led the organizations turnaround.
  • David Chong, CEO, Majic Wheels, comments: Everyone at Majic Wheels looks forward to utilizing Jeffreys strengths and skillset to further solidify the brand in the Fintech, Insurtech, and software development sectors, and collaborating toward sustainable company growth and expansion.

Majic Wheels Corp. Appoints Chairman & Chief Strategy Officer

Retrieved on: 
Monday, June 27, 2022
Financial compensation, OTC, Majic Window, CEO, Internet, Jeffrey, GLOBE, University, American Graduate School in Paris, Industry, Forward-looking statement, Terminology, MBA, International Management Institute, New Delhi, BBA, Audit committee, Solution, NASDAQ, Board, Professional Football Compensation Committee, Twitter, News, Retail, Management, Online shopping, Financial technology

Joining the diverse, global team behind the Majic Wheels operation is Jeffrey Coats, who brings with him a rich background ranging from political analysis to internet-focused equity investment and high-level consulting.

Key Points: 
  • Joining the diverse, global team behind the Majic Wheels operation is Jeffrey Coats, who brings with him a rich background ranging from political analysis to internet-focused equity investment and high-level consulting.
  • He will be assuming the official roles of Chief Strategy Officer and Executive Chairman of the Board, in addition to overseeing investor relations, banking relationships, as well as financial and corporate activities to properly position the company for a future NASDAQ uplisting.
  • Jeffrey also served as President and CEO of Autobytel/AutoWeb (ABTL/AUTO) for over a decade, and successfully led the organizations turnaround.
  • David Chong, CEO, Majic Wheels, comments: Everyone at Majic Wheels looks forward to utilizing Jeffreys strengths and skillset to further solidify the brand in the Fintech, Insurtech, and software development sectors, and collaborating toward sustainable company growth and expansion.

Majic Wheels Corp. Official Company Statement Regarding Caveat Emptor

Retrieved on: 
Monday, May 16, 2022
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HOUSTON, TEXAS, May 16, 2022 (GLOBE NEWSWIRE) -- Wyoming-based holding Company Majic Wheels Corp. (OTC Pink: MJWL) has today issued this Official Company Statement to update its shareholders regarding the Caveat Emptor (CE) that was placed on the $MJWL ticker after trading hours on Friday 13 May, 2022.

Key Points: 
  • HOUSTON, TEXAS, May 16, 2022 (GLOBE NEWSWIRE) -- Wyoming-based holding Company Majic Wheels Corp. (OTC Pink: MJWL) has today issued this Official Company Statement to update its shareholders regarding the Caveat Emptor (CE) that was placed on the $MJWL ticker after trading hours on Friday 13 May, 2022.
  • First, Majic Wheels Corp wishes to confirm that it remains committed to delivering on its business objectives and strategy.
  • The Majic Wheels Corp management team and its external legal counsel are working with the relevant authorities to gain information and what led to the CE placement.
  • Majic Wheels Corp encourages its shareholders to follow its official Twitter handle for accurate and timely updates on the matter: https://twitter.com/MajicCorp .

Majic Wheels Corp. Acquires Majority Interest in PCEX

Retrieved on: 
Thursday, April 21, 2022
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Secured via an SPV, under Majic Wheels Corp.’s fully owned subsidiary, CGCX-- an insured, four-in-one blockchain platform that offers a seamless, secure crypto trading experience-- PCEX is founded on a unique, innovative membership concept for crypto investors, enthusiasts, or crypto-related startups. In fact, CGCX coins have been trading on the PCEX platform since 1 March 2022, with extremely encouraging results.

Key Points: 
  • HOUSTON, TEXAS, April 21, 2022 (GLOBE NEWSWIRE) -- Wyoming-based holding company Majic Wheels Corp. (OTC Pink: MJWL) has announced that it has secured a majority interest in Panaesha Capital Exchange (PCEX).
  • Majic Wheels Corp.s Chief Executive Officer, David Chong, believes the acquisition will support the companys ambition to firmly establish itself as a Fintech and technology leader in India.
  • Both PCEX and CGCX are set to continue with impressive growth, based on Indias increasing interest in - and adoption of - crypto.
  • Through the combined power and potential of CGCX and PCEX, the Majic Wheels Corp. team anticipates an exciting year ahead further solidifying itself within the blockchain market.