secwatch.observer — SEC 8-K summary
======================================

Issuer:     Forafric Global PLC (AFRI)
CIK:        0001903870
Form:       8-K
Filed at:   2022-06-15T23:59:59+00:00
Accession:  0001493152-22-016864
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 1.02, 2.01, 3.01, 3.02, 3.03, 4.01, 5.01, 5.02, 5.03, 5.05, 5.06, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1903870/000149315222016864/0001493152-22-016864-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1903870/000149315222016864/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-016864

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer