Welcome to our dedicated page for Hhg Capital news (Ticker: HHGCU), a resource for investors and traders seeking the latest updates and insights on Hhg Capital stock.
HHG Capital Corp is a blank check company that has entered into a definitive merger agreement with Perfect Hexagon Group Limited, a company engaged in commodity trading, specifically in precious metals. PH is a leading physical commodity trading house focusing on precious metal and base metals, with strong partnerships and capital base. PH also engages in market making and trading of various physical commodities, including precious metals, palm oil, and carbon credits. The proposed merger will result in the combined company, Perfect Hexagon Holdings Limited, being listed on NASDAQ under the symbol 'PHGL'.
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HHG Capital extends time for business combination, depositing $0.0333 per share
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HHG Capital Corporation (HHGC) has entered into a merger agreement with Perfect Hexagon Group Limited (PH), a commodity trading company. The merger will result in PH becoming a publicly listed company named Perfect Hexagon Holdings Limited (PHGL) on NASDAQ. The transaction is expected to close in Q4 2023.
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FAQ
What is the current stock price of Hhg Capital (HHGCU)?
The current stock price of Hhg Capital (HHGCU) is $11.5 as of February 7, 2025.
What is HHG Capital Corporation?
HHG Capital Corp is a blank check company focused on entering into a merger, share exchange, or similar business combination with one or more entities.
What is the recent news about HHG Capital Corp?
HHG Capital Corp announced a definitive merger agreement with Perfect Hexagon Group Limited, a leading physical commodity trading house.
What commodities does Perfect Hexagon Group Limited trade?
Perfect Hexagon Group Limited focuses on trading precious metal, base metals, palm oil, and carbon credits.
What will the result of the proposed merger between HHG Capital Corp and Perfect Hexagon Group Limited be?
The proposed merger will create the combined company Perfect Hexagon Holdings Limited, listed on NASDAQ under the symbol 'PHGL'.
What are the key activities of PH in the trading market?
PH engages in market making, trading of physical commodities, and has partnerships with major commodity trading houses.
When is the closing of the transaction expected?
The closing of the transaction is anticipated to be completed in the fourth quarter of 2023.
Who will continue to manage the combined company after the transaction?
The current management team of PH is expected to continue running the combined company post-transaction.
What is the transaction seeking to secure from a private investment?
As part of the transaction, HHG is seeking to secure additional investment proceeds from a private investment in public equity (PIPE).
What approvals are required for the proposed business combination?
The proposed business combination is subject to approvals by HHG's and PH's shareholders, regulatory approvals, and approval by the Nasdaq Stock Market.
Where can additional information about the proposed business combination be found?
Additional information about the proposed business combination can be found in HHG's Current Report on Form 8-K to be filed with the SEC.
Hhg Capital Corp
Nasdaq:HHGCU
HHGCU Rankings
HHGCU Stock Data
7.48M
Shell Companies
Blank Checks
Singapore
SINGAPORE