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BRIEF-Prospect Park Capital Announces Proposed New Investment

Published 2021-03-02, 01:49 p/m
Updated 2021-03-02, 01:54 p/m
© Reuters.

March 2 (Reuters) - Prospect Park Capital Corp PPK.V :

* PROSPECT PARK CAPITAL ANNOUNCES PROPOSED NEW INVESTMENT

* PROSPECT PARK CAPITAL CORP - ENTERED INTO DEFINITIVE AGREEMENT DATED MARCH 1, 2021 WITH DIITALK COMMUNICATIONS AND PPK ACQUISITION CORP., UNIT OF CO

* PROSPECT PARK CAPITAL CORP - CO ACQUIRING ALL OF ISSUED AND OUTSTANDING SECURITIES OF DIITALK

* PROSPECT PARK CAPITAL CORP- DIITALK AND PPK ACQUISITION CORP. WILL AMALGAMATE WITH AMALGAMATING CORPORATION (TO BE NAMED DIITALK COMMUNICATIONS INC‎)

* PROSPECT PARK - IN CONSIDERATION FOR AMALGAMATING WITH PPK ACQUISITION CORP., SHAREHOLDERS OF DIITALK WILL RECEIVE OF 15 MILLION COMMON SHARES OF CO

* PROSPECT PARK-HOLDERS OF CONVERTIBLE SECURITIES OF DIITALK WILL RECEIVE WARRANTS OF CO EXERCISABLE FOR ABOUT 95,088 CO'S COMMON SHARES AT $0.25/SHARE

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