Majic Wheels Corp

:MJWL   11:56:17 AM EDT
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Mergers / Acquisitions

Majic Wheels Corp Enters Definitive Merger Agreement With Oceantech Acquisitions I Corp

Published: 11/15/2022 22:33 GMT
(MJWL) - Majic Wheels Corp.
Enters Definitive Merger Agreement With Oceantech Acquisitions I Corp.
Majic Wheels Corp- Entered Definitive Merger Deal That Will Result in Majic Wheels Becoming a Publicly Listed Co on Nasdaq Stock Market Llc.
Majic Wheels Corp- Upon Closing of Transaction, Oceantech Will Be Renamed Majic Corp.
Majic Wheels Corp- Merger Agreement Includes an Earn-out Consideration of Up to $500 Million Usd.
Majic Wheels Corp- Upon Closing of Deal Oceantech Expects to Remain Listed on Nasdaq Under Ticker Symbol "mjwl".
Majic Wheels Corp- Proposed Merger Agreement Represents a Transaction Value of Approximately $200,000,000 Usd.