Cardea Capital Advisors, LLC entered into a definitive agreement to acquire Global Blockchain Acquisition Corp. in a reverse merger transaction.
Neil Fillary, President and International Chief Executive Officer of Cardea and the team will join GBKK.
The closing of the transaction is subject to approval by Cardea?s stockholders and GBBK?s stockholders, and is subject to other customary closing conditions, including but not limited to GBBK?s receipt of a fairness opinion supporting the implied pro-forma enterprise valuation of Cardea. The boards of directors of GBBK and Cardea both unanimously approved the proposed business combination. The transaction is expected to close by the end of the first quarter of 2024.
ArentFox Schiff LLP is serving as legal advisor to GBBK. Ellenoff Grossman & Schole LLP is serving as U.S. legal counsel to Cardea.