Combination company

Omni Logistics Board of Directors Issues Letter to Forward Air Shareholders

Retrieved on: 
Friday, November 17, 2023
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DALLAS, Nov. 17, 2023 /PRNewswire/ -- The Board of Directors of Omni Logistics ("Omni"), a technology-driven provider of global multimodal logistics solutions and specialized services, today issued a public letter to shareholders of Forward Air Corporation (NASDAQ: FWRD) ("Forward Air").

Key Points: 
  • Highlights Powerful Strategic Rationale for Combined Company, Shared Interests with Forward Air Shareholders, and Highly Compelling Value Creation Opportunity
    DALLAS, Nov. 17, 2023 /PRNewswire/ -- The Board of Directors of Omni Logistics ("Omni"), a technology-driven provider of global multimodal logistics solutions and specialized services, today issued a public letter to shareholders of Forward Air Corporation (NASDAQ: FWRD) ("Forward Air").
  • Dear Shareholders of Forward Air,
    Much has been said about the combination of Omni Logistics and Forward Air, particularly in the last few weeks.
  • The Omni Board of Directors believes it is important for Forward Air shareholders to hear directly from us about who Omni is, the background of the transaction, the compelling financial and strategic rationale, and the go-forward plans for the combined company.
  • In fact, some Omni shareholders have acquired additional shares of Forward Air stock, underlining their conviction in the future combined company.

OriginClear’s Water On Demand and Fortune Rise Acquisition Corporation Announce Business Combination to Create Nasdaq-Listed Company

Retrieved on: 
Tuesday, October 24, 2023
Environment, Fintech, Environmental Health, Utilities, Professional Services, Sustainability, Green Technology, Other Natural Resources, Energy, Natural Resources, Water, OTC, Acquisition, WOD, Combination company, Multimedia, Trust, Growth, FRLA, BCA, Security (finance)

Fortune Rise Acquisition Corporation (Nasdaq: FRLA) and OriginClear Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, today announced that FRLA and Water On Demand Inc. (WOD), a subsidiary of OriginClear, Inc., have entered into a definitive business combination agreement (the "BCA").

Key Points: 
  • Fortune Rise Acquisition Corporation (Nasdaq: FRLA) and OriginClear Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, today announced that FRLA and Water On Demand Inc. (WOD), a subsidiary of OriginClear, Inc., have entered into a definitive business combination agreement (the "BCA").
  • The proceeds will be used to develop the Water On Demand water-as-a-service network, grow the Modular Water and Progressive Water business units, and carry out an aggressive acquisition program, which is expected to accelerate the existing growth.
  • The proceeds will be used to develop the Water On Demand water-as-a-service network, grow the Modular Water and Progressive Water business units, and carry out an aggressive acquisition program, which is expected to accelerate the existing growth.
  • The acquisitions will prioritize network management software, management and engineering staffing, and vertical integration through acquisition of component fabricators.

GCL Asia signs Business Combination Agreement with RF Acquisition Corp to go public in a SPAC merger valuing the video game distributor & publisher at US$1.2 billion.

Retrieved on: 
Wednesday, October 18, 2023
Titan, Atomic Heart, RFAC, Limited, Security (finance), Publishing, AAA, Winston & Strawn, Acquisition, GCL, Transaction, AMGM, EA, Combination company, Growth, LLP, Marketing, Ecosystem, Partnership, PIPE, JianHao Tan, BCA, IP, Cyberpunk 2077, SEA, Video game, Bookkeeping, Management

GCL has been the exclusive distributor in Asia for 50% of the best-selling games since 2011 and has recently expanded into game publishing and IP management.

Key Points: 
  • GCL has been the exclusive distributor in Asia for 50% of the best-selling games since 2011 and has recently expanded into game publishing and IP management.
  • Upon closing, the combined company (the "Combined Company") is expected to be listed on Nasdaq under the reserved ticker symbol "GCL."
  • GCL, together with its operating subsidiaries, collectively provide a full suite of gaming services, targeting the fast-growing video gaming markets of East Asia ("EA") and Southeast Asia ("SEA").
  • GCL has become an established partner for international PC and video game publishers and developers for EA and SEA.

GCL Asia, a Leading Video Game Publisher & Distributor in Asia, to Go Public via Merger with RF Acquisition Corp

Retrieved on: 
Wednesday, October 18, 2023
Titan, Atomic Heart, RFAC, Limited, Security (finance), Publishing, AAA, Winston & Strawn, Acquisition, GCL, Transaction, AMGM, EA, Combination company, Growth, LLP, Marketing, Ecosystem, Partnership, PIPE, JianHao Tan, BCA, IP, Cyberpunk 2077, SEA, Video game, Financial services, Management

GCL Asia is a leading video game distribution and publishing group in Asia, with more than 2100 online and offline retail touchpoints for game distribution.

Key Points: 
  • GCL Asia is a leading video game distribution and publishing group in Asia, with more than 2100 online and offline retail touchpoints for game distribution.
  • GCL has been the exclusive distributor in Asia for 50% of the best-selling games since 2011 and has recently expanded into game publishing and IP management.
  • Upon closing, the combined company (the "Combined Company") is expected to be listed on Nasdaq under the reserved ticker symbol "GCL."
  • GCL has become an established partner for international PC and video game publishers and developers for EA and SEA.

VBL Therapeutics Announces Results of Annual and Special Shareholder Meeting

Retrieved on: 
Thursday, October 12, 2023
Ticker, Effectiveness, Combination company, VBL, Therapy, Pharmaceutical industry, Airline, Mergers and acquisitions

MODI’IN, Israel and NEW YORK, Oct. 12, 2023 (GLOBE NEWSWIRE) -- VBL Therapeutics (Nasdaq: VBLT) (“VBL”), today announced that its shareholders voted to approve the previously announced proposed merger (the “Merger”) with Notable Labs, Inc. (“Notable”), at the annual and special meeting (the “Meeting”) which took place today, October 12, 2023.

Key Points: 
  • Merger Expected to Close and Begin Trading as Combined Company Under the NTBL Ticker on Nasdaq Next Week, Subject to Effectiveness of Approved Israeli Corporate Actions
    MODI’IN, Israel and NEW YORK, Oct. 12, 2023 (GLOBE NEWSWIRE) -- VBL Therapeutics (Nasdaq: VBLT) (“VBL”), today announced that its shareholders voted to approve the previously announced proposed merger (the “Merger”) with Notable Labs, Inc. (“Notable”), at the annual and special meeting (the “Meeting”) which took place today, October 12, 2023.
  • Over 98% of the votes cast at the Meeting were cast in favor of the approval of the Merger.
  • The Merger is expected to close on or around October 16, 2023.
  • After completion of the Merger, VBL will be renamed “Notable Labs, Ltd.” and is expected to trade on The Nasdaq Capital Market under the symbol “NTBL” on or around October 17, 2023.

Big Tree Cloud Enters into Definitive Merger Agreement with Plutonian Acquisition Corp. (Nasdaq: PLTN)

Retrieved on: 
Wednesday, October 11, 2023
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Big Tree Cloud's product portfolio places a strong emphasis on feminine hygiene products with its sterilized feminine pads and menstrual pants.

Key Points: 
  • Big Tree Cloud's product portfolio places a strong emphasis on feminine hygiene products with its sterilized feminine pads and menstrual pants.
  • "We are excited to complete this business combination between Plutonian and Big Tree Cloud.
  • Upon closing, the current shareholder of Big Tree Cloud will retain a majority of the outstanding shares of the Combined Business and Big Tree Cloud will designate a majority of the proposed directors for the Combined Company's board.
  • Paul Hastings LLP, Commerce & Finance Law Offices and Maples Group are serving as legal counsel to Big Tree Cloud.

DevvStream Holdings to List on Nasdaq Via Business Combination with Focus Impact Acquisition Corp.

Retrieved on: 
Wednesday, September 13, 2023
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VANCOUVER, British Columbia, Sept. 13, 2023 (GLOBE NEWSWIRE) -- DevvStream Holdings Inc. (“DevvStream” or the “Company”) (NEO: DESG) (OTC: DSTRF) (FSE: CQ0) and Focus Impact Acquisition Corp. (“Focus Impact” or “FIAC”) (NASDAQ: FIAC) today announced that they have entered into a definitive Business Combination Agreement (the “Business Combination Agreement”) for a business combination (the “Transaction” or the “Business Combination”).

Key Points: 
  • VANCOUVER, British Columbia, Sept. 13, 2023 (GLOBE NEWSWIRE) -- DevvStream Holdings Inc. (“DevvStream” or the “Company”) (NEO: DESG) (OTC: DSTRF) (FSE: CQ0) and Focus Impact Acquisition Corp. (“Focus Impact” or “FIAC”) (NASDAQ: FIAC) today announced that they have entered into a definitive Business Combination Agreement (the “Business Combination Agreement”) for a business combination (the “Transaction” or the “Business Combination”).
  • Focus Impact is a special purpose acquisition corporation focused on amplifying social impact through the pursuit of a merger or business combination with socially forward companies.
  • The Transaction is structured as an amalgamation of DevvStream into a wholly owned subsidiary of Focus Impact, following Focus Impact’s redomiciling as an Alberta company.
  • Focus Impact will be renamed DevvStream Corp. (the “Combined Company”) and continue the business of DevvStream following the amalgamation.

Inception Growth Acquisition Limited and AgileAlgo Holdings Limited Announce the Execution of a Definitive Business Combination Agreement

Retrieved on: 
Wednesday, September 13, 2023
Data management, Closing, Partnership, Combination company, Virgin Islands, British Virgin Islands, Exchange, Business analyst, Bangladesh Securities and Exchange Commission, Revenue, Acquisition, Earnout, Growth, Security (finance), Combination, Pub

New York, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Inception Growth Acquisition Limited (NASDAQ: IGTA, the “Company” or “IGTA”), a Delaware incorporated publicly traded special purpose acquisition company, and AgileAlgo Holdings Limited (“AgileAlgo”), a British Virgin Islands business company that, through its Singapore-based subsidiary, AgileAlgo Pte Ltd., is a maker of enterprise-grade natural language code generator for machine-learning and data management platforms, today announced they have entered into a definitive agreement for a business combination (the “Business Combination Agreement”).

Key Points: 
  • New York, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Inception Growth Acquisition Limited (NASDAQ: IGTA, the “Company” or “IGTA”), a Delaware incorporated publicly traded special purpose acquisition company, and AgileAlgo Holdings Limited (“AgileAlgo”), a British Virgin Islands business company that, through its Singapore-based subsidiary, AgileAlgo Pte Ltd., is a maker of enterprise-grade natural language code generator for machine-learning and data management platforms, today announced they have entered into a definitive agreement for a business combination (the “Business Combination Agreement”).
  • The partnership with IGTA will allow us to access the capital market to speed up our growth in this critical moment of the industry.
  • The boards of directors of IGTA and AgileAlgo both unanimously approved the proposed business combination.
  • Porche Capital Ltd is acting as a business advisor to AgileAlgo in the proposed business combination.

BEN, A Provider of Personalized Customer Engagement AI Technology, to Go Public on Nasdaq Through Proposed Business Combination with DHC Acquisition Corp.

Retrieved on: 
Thursday, September 7, 2023
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The proposed business combination (“Business Combination”) is expected to provide BEN with improved access to new sources of capital, accelerate M&A opportunities, and fund growth initiatives and development of the core solution portfolio.

Key Points: 
  • The proposed business combination (“Business Combination”) is expected to provide BEN with improved access to new sources of capital, accelerate M&A opportunities, and fund growth initiatives and development of the core solution portfolio.
  • “The announcement today to agree to go public via this combination with DHC represents a remarkable milestone in BEN’s journey.
  • The backbone of BEN’s success is a rich platform of conversational AI modules that drive better, more personalized customer experience and increased operational efficiencies.
  • The definitive proxy statement will be mailed to shareholders of DHC as of a record date to be established for voting on the Business Combination.

One Energy Enterprises Inc., an Industrial Power Solutions Company, and TortoiseEcofin Acquisition Corp. III Announce Execution of a Definitive Business Combination Agreement to Form One Power Company

Retrieved on: 
Tuesday, August 15, 2023
Energy, Other Energy, Utilities, Combination company, One Energy, PIPE, Electricity, Wind, Business analyst, CSR, Electric Bond and Share Company v. Securities and Exchange Commission, Acquisition, VWAP, Power, Combined, NYSE, Combination, The Wheel of Time, Retail, Electric power, Renewable energy, Bank, Cryptocurrency, Transaction

One Energy Enterprises Inc. and TortoiseEcofin Acquisition Corp. III today announced that they have entered into a definitive Business Combination Agreement (the “Business Combination Agreement”) for a business combination (the “Transaction” or the “Business Combination”).

Key Points: 
  • One Energy Enterprises Inc. and TortoiseEcofin Acquisition Corp. III today announced that they have entered into a definitive Business Combination Agreement (the “Business Combination Agreement”) for a business combination (the “Transaction” or the “Business Combination”).
  • One Energy Enterprises Inc. (“One Power”) is a vertically integrated industrial power solutions company, and is the largest installer of on-site, behind-the-meter, megawatt-scale, wind energy in the United States.
  • TortoiseEcofin Acquisition Corp. III (“TRTL”) (NYSE: TRTL) is an energy transition focused special purpose acquisition company.
  • One Power calls the power grid of the future “Utility 2.0” and One Power is already building it today.