ALBUQUERQUE, NM, March 27, 2024 /CNW/ – CRAFT 1861 Global Holdings Inc. (Cboe Canada/NEO: HUMN, HUMN.WT.A) (the “Company” or “Craft Global”) and Nano Cures International, Inc. (“Nano”), announce today, whereby the Company will effect a going private transaction (the “Transaction”). Pursuant to the Transaction, Nano and its Affiliates will take the Company private by way of the existing Arrangement Agreement terms and conditions (the “Arrangement Agreement”) under Section 192 of the Canada Business Corporations Act (the “CBCA”). The current terms and conditions of the Arrangement Agreement are disclosed in Craft Global’s prior news releases (copies of which is available under Craft Global’s SEDAR+ profile at www.sedarplus.ca).
The Transaction immediately relieves the current public regulatory and compliance time constraints, to assure ample time to satisfy the Completion of the Arrangement (the “Completion of the Arrangement”) requirements, as per the existing terms and conditions of the Arrangement Agreement.
A Majority of Craft Global Shareholders have agreed to the Transaction, where upon completion of the transaction, Craft Global will become a privately held company.
The terms and conditions of the existing Arrangement Agreement will govern Craft Global becoming a privately held company.
Completion of the Arrangement is governed by and subject to standard Regulatory & Compliance of Abu Dhabi and the United Arab Emirates (“UAE”) and is currently expected to occur as soon as practically possible.
This news release does not constitute an offer, invitation or recommendation to subscribe for or purchase any securities and this news release does not form the basis of any contract or commitment. In particular, this news release does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or in any other jurisdiction in which such an offer or solicitation would be unlawful.
The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and may not be offered or sold in the United States absent registration or an exemption from registration. The securities to be …