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BRIEF-Subversive Announces Qualifying Transaction With Intercure

Published 2021-01-26, 08:52 a/m
© Reuters.

Jan 26 (Reuters) - InterCure Ltd INCR.TA :

* SUBVERSIVE ANNOUNCES QUALIFYING TRANSACTION WITH INTERCURE

* SUBVERSIVE REAL ESTATE ACQUISITION - COMBINED COMPANY WILL BE LED BY CHAIRMAN AND FORMER PRIME MINISTER OF ISRAEL EHUD BARAK AND CEO ALEX RABINOVITCH

* SUBVERSIVE REAL ESTATE ACQUISITION REIT LP - QUALIFYING TRANSACTION TO COMBINE WITH INTERCURE LTD.

* SUBVERSIVE REAL ESTATE ACQUISITION REIT LP - UNDER DEAL, INTERCURE VALUED AT US$300.0 MILLION

* SUBVERSIVE REAL ESTATE ACQUISITION REIT LP - PIPE OF US$65.0 MILLION TO SUPPORT TRANSACTION SATISFIES CASH REQUIRED FOR CLOSING

* SUBVERSIVE REAL ESTATE ACQUISITION REIT LP - DEAL TERMS INCLUDE US$225.0 MILLION OF PROCEEDS FROM FUNDS IN ESCROW

* SUBVERSIVE REAL ESTATE ACQUISITION REIT LP - SVX WILL ISSUE 6.5 MILLION UNITS AT A PRICE OF US$10.00 PER UNIT

* SUBVERSIVE REAL ESTATE ACQUISITION REIT LP - LISTING OF SHARES ON NASDAQ IS A CONDITION OF CLOSING

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