GrowHub sets Dec. 2 deadline to close EnChem America merger under Nasdaq exception - TGHL News | RalliesGrowHub sets Dec. 2 deadline to close EnChem America merger under Nasdaq exception
T
TGHL• Merger deadline and structure
- GrowHub is seeking to acquire EnChem America via a merger with a newly formed Georgia subsidiary, leaving EnChem America as the surviving unit.
- EnChem Co. would receive 142,848,176 Class A ordinary shares, or enough shares to hold 85% of the fully diluted total.
- The deal would shift control to EnChem Co., requiring the combined company to meet Nasdaq initial listing standards.
- GrowHub is working to close the merger by Dec. 2, 2026, the deadline tied to a Nasdaq listing exception.
- Closing remains subject to conditions in the merger agreement, with completion not assured by the deadline.
•
