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
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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").
溫哥華，卑詩省，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)，一家專注於全球植物性和替代蛋白領域的投資發行人，繼2023年4月26日發佈的新聞稿後，高興地宣佈，本公司已完成收購Purpose ESG Holdings Inc.資本中已發行和未償還證券的50%。目的ESG“)根據日期為2023年4月26日的證券交換協定的條款和條件(”最終協定在本公司中，Purpose ESG、Purpose ESG的股東和權證持有人(交易記錄“)。
Transaction Terms
交易條款
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.
根據最終協定的條款，並以Purpose ESG資本中已發行及已發行證券的50%為代價，Eat&Beyond已發行合共6,176,250股Eat&Beyond普通股(“支付份額“)以每股支付股份0.25美元的價格向ESG股東出售，併發行3,796,870份普通股認購權證(”替換認股權證“)。每份置換認股權證允許其持有人收購Eat&Beyond資本中的一股普通股(A)分享“)每股0.10美元，與已交回註銷的原始認股權證的行使價相同，而每份替換認股權證的到期日與該原始認股權證的到期日相同，即由原始認股權證發行之日起計24個月。根據適用的證券法，支付股份或替換認股權證並無持有期限。
The Transaction is an arms-length transaction and there is no change in management or the Board of Directors of Eat & Beyond.
這筆交易是一項公平交易，Eat&Beyond的管理層或董事會沒有變動。
About Purpose ESG
關於目的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是一家根據不列顛哥倫比亞省法律成立的私營公司，也是一家投資發行商，其投資組合專注於環境、社會和治理(ESG)成果，重點是電氣化、食品技術、氫能、碳捕獲和支持迴圈經濟的技術。目的ESG為其投資者提供機會，參與具有市場領先潛力的突破性技術和價值鏈解決方案組合的增長。目的ESG與其投資組合公司密切合作，推動它們的增長和成功，最終努力建設一個更智慧、更清潔、更可持續的未來。瞭解更多情況：
About Eat Beyond
關於吃得更多
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是一家投資發行商，可以輕鬆投資於食品的未來。Eat Beyond確定並對正在開發和商業化創新食品技術以及植物性和替代食品產品的全球公司進行股權投資。在食品行業專家團隊的領導下，Eat Beyond是加拿大第一家此類發行人，為散戶投資者提供了獨特的機會，可以參與替代食品行業廣泛的機會的增長，並接觸到正在引領更智慧、更安全的食品供應的公司。
Learn more:
瞭解更多情況：
Find Eat Beyond on Social Media on LinkedIn, Instagram, Twitter and Facebook.
在社交媒體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.
加拿大證券交易所不對此次事件承擔責任此版本的準確性或準確性並且既沒有批准也沒有反對本新聞稿的內容。
For further information: For further information, please contact Michael Aucoin at Info@Eatbeyondglobal.com or (604) 416-4099.
有關更多資訊，請訪問：欲瞭解更多資訊，請聯繫Michael Aucoin，電子郵件：Info@Eatbyondlobal.com或(604)416-4099。
