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New Deal


Announced

Andina terminated the deal to merge with Emmac.

Financials

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Transaction Value-
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Failed

Majority

Private

cannabis company

medical cannabis

Acquisition

Merger

Single Bidder

specialty pharma

United Kingdom

Friendly

Pharmaceuticals

Cross Border

Reverse Takeover

De-SPAC

Synopsis

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Andina Acquisition III, a blank check company, terminated the deal to merge with Emmac, a European medical cannabis company. The completion of the business combination was subject to, amongst other matters, the negotiation and execution of a definitive agreement for the business combination, and despite significant efforts by all parties involved and progress towards the completion, particularly against the challenging global economic conditions, it was not possible to finalize the negotiations to the satisfaction of both parties.

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