Feb 22 (Reuters) - Ceres Acquisition Corp CEREu.NLB :
* PARALLEL AND CERES ACQUISITION CORP. ANNOUNCE BUSINESS COMBINATION TO CREATE A PUBLICLY TRADED U.S. CANNABIS WELL-BEING COMPANY
* CERES ACQUISITION CORP - BEAU WRIGLEY REMAINING AS CHAIRMAN AND CEO AND CERES GROUP HOLDINGS' SCOOTER BRAUN TO SERVE AS A SPECIAL ADVISOR
* CERES ACQUISITION CORP - CERES ACQUISITION CORP.'S CEO JOE CROUTHERS TO BECOME A DIRECTOR OF COMBINED PUBLIC COMPANY
* CERES ACQUISITION CORP - COMBINED PUBLICLY LISTED COMPANY IS ANTICIPATED TO HAVE CLASS A SUBORDINATE VOTING STOCK AND CLASS B MULTIPLE VOTING STOCK
* CERES ACQUISITION CORP -CLASS B MULTIPLE VOTING STOCK WILL HAVE 15 VOTES PER SHARE, WILL BE HELD BY BEAU WRIGLEY AND HIS AFFILIATE ENTITIES UPON CLOSE
* CERES ACQUISITION CORP - CLASS A SUBORDINATE VOTING STOCK WILL HAVE ONE VOTE PER SHARE, WILL BE PUBLICLY TRADED CLASS OF STOCK UPON CLOSING
* CERES ACQUISITION CORP - COMBINED PUBLIC COMPANY HAS AN ADDITIONAL SLATE OF 4 INDEPENDENT DIRECTORS