Nov 23 (Reuters) - Spartan Acquisition Corp VDKAp.V :
* ANNOUNCES ITS QUALIFYING TRANSACTION
* ENTERED INTO A BINDING NON-ARM'S LENGTH AMALGAMATION AGREEMENT DATED NOVEMBER 20, 2020 WITH FORBIDDEN DISTILLERY INC
* UPON COMPLETION OF AMALGAMATION, CO EXPECTS THAT RESULTING ISSUER WILL BE NAMED "FORBIDDEN SPIRITS DISTILLING CORP"
* SPARTAN WILL ACQUIRE FORBIDDEN THROUGH ISSUANCE OF 40,296,000 RESULTING ISSUER SHARES AT PRICE OF $0.30 PER SHARE
* SPARTAN WILL ESSENTIALLY ACQUIRE FORBIDDEN FOR AGGREGATE DEEMED CONSIDERATION OF $12,088,800