W Straits Limited and Global Lights Acquisition Corp. Announce NonBinding Letter of Intent for Potential Business Combination
W Straits Limited (W Straits), a leading international fintech company, and Global Lights Acquisition Corp. (GLAC), a special purpose acquisition company, have signed a nonbinding letter of intent for a potential business combination. Under this agreement, W Straits shareholders will exchange their shares for equity in the combined public company. The companies are currently finalizing a definitive business combination agreement, with further details to be announced in the coming weeks.
This potential combination is subject to due diligence, negotiation of a definitive agreement, satisfaction of negotiated conditions, and approval from boards and shareholders of both entities. There is no assurance that a definitive agreement will be reached or that the business combination will be completed as planned.
About W Straits:
W Straits Ltd is an international fintech firm based in Malaysia, specializing in mergers, acquisitions, and restructuring within smart ecocities. Their focus includes the financial, health, real estate development, and energy industry ecosystems. The companys vision is to further sustainable development in smart ecocities through sector optimization.
About Global Lights Acquisition Corp.:
GLAC, a Cayman Islandsincorporated blank check company, aims to acquire businesses focusing on sustainable development and environmentally sound infrastructure.
This press release is not an offer to buy or sell securities, and there will be no sale without a valid prospectus as per the Securities Act of 1933. If a binding agreement is made, a registration statement will be filed with the SEC, which will include a Proxy Statement/Prospectus accessible to GLACs shareholders.
ForwardLooking Statements:
This press release contains forwardlooking statements based on management expectations and assumptions, which are subject to risks and uncertainties. Actual outcomes may differ, and undue reliance on these statements is cautioned.
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