Globa Terra agrees to combine with Nature's Ledger
Globa Terra will combine with Nature's Ledger, valuing the carbon-credit company at $323.78 million before financing-related adjustments. Nature's Ledger plans a $10 million private placement, and the combined parent will use its name.
1. Combination terms
Globa Terra will combine with carbon-credit company Nature's Ledger, which is valued at $323.78 million before financing-related adjustments. The combined publicly traded parent will take the Nature's Ledger name, subject to closing conditions including Nasdaq listing approval.
2. Financing and approvals
Nature's Ledger will seek $10 million through a private placement of subscription receipts priced at $10 each. Eligible shareholders could receive up to 6,557,772 additional shares over five years, subject to share-price or EBITDA milestones. Shareholder approvals are required, and the agreement permits termination if closing has not occurred by July 9, 2027, subject to extension.
