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BRIEF-Wolf Acquisition Corp. Announces Proposed Qualifying Transaction

Published 2018-10-05, 07:22 p/m
BRIEF-Wolf Acquisition Corp. Announces Proposed Qualifying Transaction

Oct 5 (Reuters) - Wolf Acquisition Corp WOLFp.V :

* . ANNOUNCES PROPOSED QUALIFYING TRANSACTION

* ENTERED INTO BINDING LETTER OF INTENT DATED OCT 5, 2018 WITH ABAXX TECHNOLOGIES INC TO EFFECT A BUSINESS COMBINATION OF TWO COS

* PROPOSED TRANSACTION WILL BE A REVERSE TAKEOVER OF CORPORATION BY ABAXX AND ITS SHAREHOLDERS

* WOLF ACQUISITION-PURSUANT TO DEAL,HOLDERS OF ISSUED,OUTSTANDING COMMON SHARES OF ABAXX SHALL RECEIVE ONE WOLF COMMON SHARE FOR EACH ABAXX COMMON SHARE HELD

* WOLF ACQUISITION -ON OR IMMEDIATELY PRIOR TO COMPLETION OF TRANSACTION, SEE THAT CO WILL EFFECT A NAME CHANGE TO SUCH NAME AS MAY BE DETERMINED BY ABAXX

* WOLF -SEES ON OR IMMEDIATELY PRIOR TO COMPLETION OF TRANSACTION, CONSOLIDATE WOLF SHARES ON BASIS OF 1 "NEW" WOLF SHARE FOR EVERY 2.71605 "OLD" CO SHARES ISSUED & OUTSTANDING

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