Gravitas Education Has Entered Into An Omnibus Amendment And Waiver To Extend The Outside Date Of The Closing Of The Merger To January 18, 2024 Considering The Extra Time That May Be Needed For The Parties To Complete The Merger
Portfolio Pulse from Benzinga Newsdesk
Gravitas Education has extended the closing date of its merger with Bright Sunlight Limited, Best Assistant Education Online Limited, and a subsidiary of NetDragon Websoft Holdings Limited to January 18, 2024. The merger will result in Best Assistant transferring NetDragon's education business outside of the PRC to Elmtree Inc, which will then merge with a subsidiary and become a wholly owned subsidiary of Gravitas Education.
October 18, 2023 | 9:28 am
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Gravitas Education's merger with multiple entities, including a NetDragon subsidiary, has been delayed until January 18, 2024. This could potentially impact the company's short-term stock performance.
The delay in the merger could lead to uncertainty among investors, potentially impacting Gravitas Education's stock in the short term. However, the eventual completion of the merger could strengthen the company's position in the education sector.
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IMPORTANCE 75
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