Making Science Group Announces Agreement to Acquire Outstanding 24% Interest in United Communications Partners - News Summed Up

Making Science Group Announces Agreement to Acquire Outstanding 24% Interest in United Communications Partners


AdvertisementNEW YORK, June 11, 2024 /PRNewswire/ — United Communications Partners Inc. (“UCP“) (OTC Markets Group: UCPA) and Making Science Group, S.A. (“Making Science“) (BME Growth: MAKS) today announced the execution of a definitive agreement and plan of merger (the “Merger Agreement“) between UCP and Making Science Marketing & Adtech, SLU (“MSMA“), a wholly-owned subsidiary of Making Science. Pursuant to the Merger Agreement, MSMA will acquire all of UCP’s common shares not currently owned by Making Science and its affiliates in a merger transaction (the “Merger“). Making Science presently owns 1,231,881,346 shares of UCP’s common stock through MSMA and affiliates, representing a 76.14% interest in UCP. The execution of the Merger Agreement follows the review and approval of the terms of the Merger and the Merger Agreement by a committee of the independent directors of UCP (the “Independent Committee“). Completion of the Merger will be subject to approval by the stockholders of UCP in accordance with the requirements of Nevada merger law (the “Statutory Merger Shareholder Approval“).


Source: The Bubble June 12, 2024 13:07 UTC



Loading...
Loading...
  

Loading...