Announced
Completed
Financials
Tags
Friendly
Gibraltar
Single Bidder
De-SPAC
Merger
agricultural
Farming Fishing Ranching and Plantations
Majority
Private
Reverse Takeover
agricultural services
Acquisition
Cross Border
Completed
Synopsis
Forafric Global, an agricultural company, went public via a SPAC merger with Globis Acquisition, a blank cheque company, in a $300m deal. "The business combination and additional capital raised in partnership with Globis will enable us to expand beyond our current footprint and scale production to help address the large and growing need for food security across Africa. Grain milling is a critical industry with robust demand. Population growth and concerns about global food supply that are being exacerbated by current geopolitical conditions emphasize the need for proven operations such as ours. By leveraging our highly scalable business model and extensive distribution network, we plan to expand beyond Africa and play a larger role in the global supply of grains, such as wheat, and other grain products," Saad Bendidi, Forafric Chairman.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.