Hall Chadwick Acquisition Corp. Announces Letter Of Intent With Reecycle Holdings For De-Spac Business Combination

April 1 (Reuters) - Hall Chadwick Acquisition Corp HCAC.O:

• HALL CHADWICK ACQUISITION CORP. ANNOUNCES LETTER OF INTENT WITH REECYCLE HOLDINGS FOR DE-SPAC BUSINESS COMBINATION

• HALL CHADWICK ACQUISITION CORP - PROPOSED DEAL VALUES REECYCLE AT ABOUT $600 MILLION

• HALL CHADWICK ACQUISITION CORP - DEAL TO INCLUDE MINIMUM $50 MILLION PIPE FINANCING AT $10.00 PER SHARE

• HALL CHADWICK ACQUISITION CORP - REECYCLE SHAREHOLDERS EXPECTED TO ROLL 100% OF EQUITY INTO COMBINED ENTITY