04:11:11 EDT Fri 17 May 2024
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Craft 1861, Nano Cures extend merger closing date

2024-01-02 15:45 ET - News Release

An anonymous director reports

CRAFT 1861 GLOBAL AND NANO CURES INTERNATIONAL ANNOUNCE MUTUAL EXTENSION OF THE ARRANGEMENT AGREEMENT COMPLETION & EFFECTIVE DATE

Craft 1861 Global Holdings Inc. and Nano Cures International Inc. have mutually agreed, as per the arrangement agreement, to extend the completion and effective date of the arrangement agreement which sets out the definitive terms upon which Craft Global and Nano will combine. The transaction will constitute a reverse takeover transaction under the policies of the Neo Exchange Inc., operating as Cboe Canada, as disclosed in Craft Global's prior news releases (copies of which are available under Craft Global's SEDAR+ profile at).

Extension highlights:

  • As per the Arrangement agreement terms and conditions, the company and Nano have mutually agreed in writing to extend the completion and effective date.
  • The written mutually agreed extension was issued in order to provide additional and necessary time to satisfy the completion of the arrangement requirements, as per the terms and conditions of the arrangement agreement.
  • Completion of the transaction is now currently expected to occur on Friday, Jan. 5, 2024.

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