M&A
confidence high
sentiment neutral
materiality 0.90
Uranium Royalty Corp. completes acquisition of 92% of Sweetwater Entities for $330M cash and 223M shares
Uranium Royalty Corp.
- Completed acquisition of 92% of Sweetwater Entities (soda ash royalty) for $330M cash and 223.3M New URC shares at $3.64/share.
- URC shareholders received one New URC share per URC share; New URC becomes successor issuer on Nasdaq under symbol UROY.
- Issued Class A and Class B Preferred Stock with $69.15M special cash distribution; preferred holders entitled to future Sweetwater Cash Dividends.
- Entered Investors Rights Agreement with Sweetwater Investors: voting support, standstill, board representation, registration rights.