Goldenbridge Acquisition Limited and AgiiPlus Inc. Mutually Agree to Terminate Merger Agreement
Goldenbridge Acquisition Limited (NASDAQ: GBRG) has mutually terminated its merger agreement with AgiiPlus Inc. This decision means Goldenbridge will now explore alternative business combinations. The company is a special purpose acquisition company based in the British Virgin Islands, aimed at merging or acquiring other businesses across various industries. No specific financial metrics or impacts from this termination were disclosed, but it highlights the ongoing challenges in securing suitable merger partners.
- Goldenbridge is actively seeking alternative business combinations, potentially opening new opportunities.
- The company has a broad focus and is not limited to specific industries or regions, enhancing its strategic options.
- Termination of the merger agreement may indicate difficulties in securing viable partnerships.
- The lack of a merger could delay potential revenue generation and market entry.
NEW YORK, N.Y., May 03, 2022 (GLOBE NEWSWIRE) -- Goldenbridge Acquisition Limited (NASDAQ: GBRG) (the “Company” or “Goldenbridge”), a special purpose acquisition company, announced today that it has terminated its previously announced agreement and plan of merger (the “Merger Agreement”) with AgiiPlus Inc. (“AgiiPlus”), by mutual agreement of all relevant parties. As a result, Goldenbridge will seek an alternative business combination.
About Goldenbridge Acquisition Limited
Goldenbridge Acquisition Limited is incorporated in the British Virgin Islands as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. Goldenbridge's efforts to identify a prospective target business have not been limited to a particular industry or geographic region.
Forward-Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
Yongsheng Liu
Chief Executive Officer
Goldenbridge Acquisition Limited
Tel: +86 (186) 0217-2929
FAQ
Why did Goldenbridge Acquisition Limited terminate its merger with AgiiPlus Inc.?
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