Forafric Global PLC completes de-SPAC merger with Forafric Agro, begins trading on Nasdaq

Forafric Global PLC

Business combination closed June 9, 2022; ~9.6M shares redeemed at $10.30 for ~$99M from trust.
Issued 1.32M PIPE shares at $10.50 for ~$13.9M; FAHL bonds converted into 1.25M shares at $9.45.
Related party loans of $15.1M converted into 1.45M shares at $10.50; total shares outstanding ~26.46M.
Warrants ~15.79M exercisable at $11.50 per share; ordinary shares and warrants trade as AFRI and AFRIW.
Subsidiary Forafric Maroc entered agreement with ALAPALA to add 2,370 MT daily milling capacity.

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