Planet 13 Holdings Inc. (CSE:PLTH) (OTCQX:PLNHF) and Subsequent Inexperienced Wave Holdings Inc. (CSE:NGW) (OTCQX:NXGWF) introduced that the beforehand introduced acquisition of Subsequent Inexperienced Wave by Planet 13 was overwhelmingly permitted on the particular assembly of NGW shareholders, representing 47.73% of issued and excellent NGW shares voted in particular person or by proxy at a Friday assembly, with 96.71% voting in favor.
The acquisition will end in Planet 13 buying all the issued and excellent shares of Subsequent Inexperienced Wave.
Below the phrases of the Association, primarily based on pricing at present, every NGW shareholder will obtain 0.1145 of 1 Planet 13 frequent share, topic to calculations as beforehand disclosed and a nominal money cost of $0.0001 for every NGW share held.
NGW possibility holders will obtain alternative Planet 13 choices that can entitle the holders to obtain, upon train thereof, Planet 13 frequent shares primarily based upon the Alternate Ratio.
The completion of the Association is topic to various customary circumstances, together with a remaining order and approval of the Supreme Courtroom of British Columbia. NGW is in search of the ultimate order of the Courtroom on March 1, 2022. Offered that every one circumstances to closing of the Association are glad or waived, the deal is predicted to be accomplished shortly after receipt of the ultimate order from the Courtroom.
