EAT & BEYOND COMPLETES THE ACQUISITION OF 50% SHARES OF PURPOSE ESG HOLDINGS INC.
EAT & BEYOND COMPLETES THE ACQUISITION OF 50% SHARES OF PURPOSE ESG HOLDINGS INC.
Pursuant to the terms of the Definitive Agreement and in consideration for 50% of the issued and outstanding securities in the capital of Purpose ESG, Eat & Beyond has issued an aggregate of 6,176,250 common shares of Eat & Beyond (the "Payment Shares") to Purpose ESG shareholders at a deemed price of $0.25 per Payment Share and issued 3,796,870 common share purchase warrants ("Replacement Warrants"). Each Replacement Warrant permits the holder thereof to acquire one common share in the capital of Eat & Beyond (a "Share") at $0.10 per Share, which is the same exercise price of the original warrant surrendered for cancellation and the expiration date for each Replacement Warrant is the same date as the expiration date of such original warrant, being 24 months from the date of issuance of the original warrant. There is no hold period for the Payment Shares or the Replacement Warrants pursuant to applicable securities laws.NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
不得分发给美国新闻通讯社或在美国境内传播
VANCOUVER, BC, May 22, 2023 (GLOBE NEWSWIRE) -- Eat & Beyond Global Holdings Inc. (CSE: EATS) (OTCPK: EATBF) (FSE: 988) ("Eat & Beyond" or the "Company"), an investment issuer focused on the global plant-based and alternative protein sector, is pleased to announce, further to its news release of April 26, 2023, that the Company has completed the acquisition of 50% of the issued and outstanding securities in the capital of Purpose ESG Holdings Inc. ("Purpose ESG") pursuant to the terms and conditions of a securities exchange agreement dated April 26, 2023 (the "Definitive Agreement") among the Company, Purpose ESG, the shareholders and warrant holders of Purpose ESG (the "Transaction").
温哥华，卑诗省，2023年5月22日(Global Newswire)-Eat&Beyond Global Holdings Inc.(CSE：EATS)(OTCPK：EATBF)(FSE：988)(“吃 &超越“或”公司)，一家专注于全球植物性和替代蛋白领域的投资发行人，继2023年4月26日发布的新闻稿后，高兴地宣布，本公司已完成收购Purpose ESG Holdings Inc.资本中已发行和未偿还证券的50%。目的ESG“)根据日期为2023年4月26日的证券交换协议的条款和条件(”最终协议在本公司中，Purpose ESG、Purpose ESG的股东和权证持有人(交易记录“)。
Transaction Terms
交易条款
Pursuant to the terms of the Definitive Agreement and in consideration for 50% of the issued and outstanding securities in the capital of Purpose ESG, Eat & Beyond has issued an aggregate of 6,176,250 common shares of Eat & Beyond (the "Payment Shares") to Purpose ESG shareholders at a deemed price of $0.25 per Payment Share and issued 3,796,870 common share purchase warrants ("Replacement Warrants"). Each Replacement Warrant permits the holder thereof to acquire one common share in the capital of Eat & Beyond (a "Share") at $0.10 per Share, which is the same exercise price of the original warrant surrendered for cancellation and the expiration date for each Replacement Warrant is the same date as the expiration date of such original warrant, being 24 months from the date of issuance of the original warrant. There is no hold period for the Payment Shares or the Replacement Warrants pursuant to applicable securities laws.
根据最终协议的条款，并以Purpose ESG资本中已发行及已发行证券的50%为代价，Eat&Beyond已发行合共6,176,250股Eat&Beyond普通股(“支付份额“)以每股支付股份0.25美元的价格向ESG股东出售，并发行3,796,870份普通股认购权证(”替换认股权证“)。每份置换认股权证允许其持有人收购Eat&Beyond资本中的一股普通股(A)分享“)每股0.10美元，与已交回注销的原始认股权证的行使价相同，而每份替换认股权证的到期日与该原始认股权证的到期日相同，即由原始认股权证发行之日起计24个月。根据适用的证券法，支付股份或替换认股权证并无持有期限。
The Transaction is an arms-length transaction and there is no change in management or the Board of Directors of Eat & Beyond.
这笔交易是一项公平交易，Eat&Beyond的管理层或董事会没有变动。
About Purpose ESG
关于目的ESG
Purpose ESG is a private company existing under the laws of the Province of British Columbia and an investment issuer with a portfolio focused on environmental, social, and governance (ESG) outcomes, with a focus on electrification, food tech, hydrogen power, carbon capture, and technologies supporting the circular economy. Purpose ESG provides its investors with the opportunity to participate in the growth of a portfolio of breakthrough technologies and value chain solutions with market leadership potential. Purpose ESG works closely with its portfolio companies to drive their growth and success, ultimately working to build a smarter, cleaner, and more sustainable future. Learn more:
目的ESG是一家根据不列颠哥伦比亚省法律成立的私营公司，也是一家投资发行商，其投资组合专注于环境、社会和治理(ESG)成果，重点是电气化、食品技术、氢能、碳捕获和支持循环经济的技术。目的ESG为其投资者提供机会，参与具有市场领先潜力的突破性技术和价值链解决方案组合的增长。目的ESG与其投资组合公司密切合作，推动它们的增长和成功，最终努力建设一个更智能、更清洁、更可持续的未来。了解更多情况：
About Eat Beyond
关于吃得更多
Eat Beyond is an investment issuer that makes it easy to invest in the future of food. Eat Beyond identifies and makes equity investments in global companies that are developing and commercializing innovative food tech as well as plant-based and alternative food products. Led by a team of food industry experts, Eat Beyond is the first issuer of its kind in Canada, providing retail investors with the unique opportunity to participate in the growth of a broad cross-section of opportunities in the alternative food sector, and access companies that are leading the charge toward a smarter, more secure food supply.
Eat Beyond是一家投资发行商，可以轻松投资于食品的未来。Eat Beyond确定并对正在开发和商业化创新食品技术以及植物性和替代食品产品的全球公司进行股权投资。在食品行业专家团队的领导下，Eat Beyond是加拿大第一家此类发行人，为散户投资者提供了独特的机会，可以参与替代食品行业广泛的机会的增长，并接触到正在引领更智能、更安全的食品供应的公司。
Learn more:
了解更多情况：
Find Eat Beyond on Social Media on LinkedIn, Instagram, Twitter and Facebook.
在社交媒体LinkedIn、Instagram、Twitter和Facebook上找到Eat Beyond。
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved the contents of this press release.
加拿大证券交易所不对此次事件承担责任此版本的准确性或准确性并且既没有批准也没有反对本新闻稿的内容。
For further information: For further information, please contact Michael Aucoin at Info@Eatbeyondglobal.com or (604) 416-4099.
有关更多信息，请访问：欲了解更多信息，请联系Michael Aucoin，电子邮件：Info@Eatbyondlobal.com或(604)416-4099。
