E-compass Acquisition Corp
* E-compass Acquisition – deal for $5 million in cash, 12 million shares of common stock of ifresh to be issued to selling shareholders valued at $10.00 per share
* E-compass Acquisition corp – upon consummation of transaction ecac will redomesticate to Delaware by merge with and into iFresh Inc
* E-compass Acquisition – transaction is conditioned on surviving co-receiving a loan of at least $15 million in connection with closing of transactions
* E-compass Acquisition Corp. To merge with NYM Holding, Inc.
* E-compass Acquisition Corp – company would pay nym’s current stockholders an aggregate of $125 million in connection with transaction
* E-compass Acquisition Corp. to merge with NYM Holding, Inc.
* E-compass Acquisition- iFresh will also get an option to buy additional five supermarkets prior to March 31, 2017, for consideration of $10 million in cash
* Immediately after redomestication, ifresh merger sub inc will be merged with and into NYM, resulting nym being wholly owned unit of iFresh Source text for Eikon: Further company coverage:
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Source: Reuters.com
