SeqLL Inc. Enters Definitive Merger Agreement With Lyneer Staffing Solutions And Atlantic Acquisition Corp; SeqLL To Pay $60M In Cash To Lyneer Members And Issue Aggregate 159,866,898 Shares For All Membership Interests Of Lyneer
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SeqLL Inc. has entered a definitive merger agreement with Lyneer Staffing Solutions and Atlantic Acquisition Corp. SeqLL will pay $60 million in cash to Lyneer members and issue 159,866,898 shares of its common stock for all membership interests of Lyneer.
May 30, 2023 | 12:33 pm
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Atlantic Acquisition Corp (ATAC) is part of a merger agreement with SeqLL Inc. and Lyneer Staffing Solutions, with SeqLL issuing 159,866,898 shares for all membership interests of Lyneer.
The merger agreement between SeqLL Inc., Lyneer Staffing Solutions, and Atlantic Acquisition Corp (ATAC) is expected to have a positive short-term impact on ATAC's stock price. The issuance of 159,866,898 shares by SeqLL for all membership interests of Lyneer demonstrates the value of the merger and the potential growth opportunities for the combined entity.
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