DRC Medicine Announces The Business Combination Agreement With Ribbon Acquisition Corp.
ReutersJul 1, 2025 2:26 AM
June 30 (Reuters) - Ribbon Acquisition Corp RIBB.O:
DRC MEDICINE LTD. ANNOUNCES THE BUSINESS COMBINATION AGREEMENT WITH RIBBON ACQUISITION CORP.
RIBBON ACQUISITION CORP - COMBINED COMPANY TO HAVE INITIAL PRO FORMA EQUITY VALUE OF $422.15 MILLION
RIBBON ACQUISITION CORP - DEAL EXPECTED TO DELIVER $50.42 MILLION CASH PROCEEDS TO DRC MEDICINE
RIBBON ACQUISITION CORP - TO MERGE WITH MERGER SUB, REMAIN WHOLLY OWNED SUBSIDIARY OF DRC MEDICINE
RIBBON ACQUISITION CORP - PROPOSED DEAL IMPLIES PRE-MONEY EQUITY VALUE OF $350 MILLION FOR DRC
RIBBON ACQUISITION CORP - CURRENT DRC SHAREHOLDERS TO RETAIN 100% EQUITY, OWN 82.91% OF COMBINED COMPANY
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