Union Acquisition Corp. Announces Updated Timing for Completion of Initial Business Combination
13 Marzo 2019 - 11:46PM
Business Wire
Union Acquisition Corp. (NYSE:LTN) (“UAC”), a special purpose
acquisition company, today announced that it currently expects to
consummate its previously announced business combination with
Bioceres LLC (successor to Bioceres, Inc.) on Thursday, March 14,
2019. Upon consummation of the business combination, the company
will be renamed Bioceres Crop Solutions Corp. and it is anticipated
that its ordinary shares and warrants will commence trading on the
NYSE American, subject to the post-business combination company
meeting the initial listing requirements of NYSE American, under
the symbols “BIOX” and “BIOX WS”, respectively, on Friday, March
15, 2019.
About Union Acquisition Corp.
Union Acquisition Corp. is a blank check company organized for
the purpose of effecting a merger, share exchange, asset
acquisition, stock purchase, recapitalization, reorganization, or
other similar business combination with one or more businesses or
entities. The Company is led by Juan Sartori, Chairman of the Board
of the Company and Chairman and founder of Union Group
International Ltd., and Kyle P. Bransfield, Chief Executive Officer
of the Company and Partner of Atlantic-Pacific Capital, Inc.
Forward Looking Statements
This communication includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
“forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,”
“expect,” “estimate,” “plan,” “outlook,” and “project” and other
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. Such
forward-looking statements include estimated financial information.
Such forward-looking statements with respect to revenues, earnings,
performance, strategies, prospects and other aspects of the
businesses of UAC, Bioceres or the combined company after
completion of the business combination are based on current
expectations that are subject to known and unknown risks and
uncertainties, which could cause actual results or outcomes to
differ materially from expectations expressed or implied by such
forward- looking statements. These factors include, but are not
limited to: (1) the occurrence of any event, change or other
circumstances that could give rise to the termination of the
exchange agreement entered into in connection with the proposed
business combination (the “Exchange Agreement”) and the proposed
business combination contemplated therein prior to consummation;
(2) the inability to complete the transactions contemplated by the
Exchange Agreement due to conditions to closing in the Exchange
Agreement; (3) the ability of UAC to continue to meet applicable
NYSE American listing standards; (4) the risk that the proposed
business combination disrupts current plans and operations of
Bioceres; (5) the ability to recognize the anticipated benefits of
the proposed business combination, which may be affected by, among
other things, competition, the ability of the combined company to
grow and manage growth profitably, maintain relationships with
customers and suppliers and retain its management and key
employees; (6) costs related to the proposed business combination;
(7) changes in applicable laws or regulations; (8) the possibility
that Bioceres may be adversely affected by other economic,
business, and/or competitive factors; and (9) other risks and
uncertainties indicated from time to time in the documents filed
with the SEC by UAC. Investors are cautioned not to place undue
reliance upon any forward-looking statements, which speak only as
of the date made. UAC and Bioceres undertake no commitment to
update or revise the forward-looking statements, whether as a
result of new information, future events or otherwise. Investors
should carry out their own due diligence in connection with the
assumptions contained herein. The forward-looking statements in
this communication speak only as of the date of this communication.
Although UAC may from time to time voluntarily update its prior
forward-looking statements, it disclaims any commitment to do so
whether as a result of new information, future events, changes in
assumptions or otherwise except as required by applicable
securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20190313005901/en/
UAC:Kyle Bransfield, Chief Executive Officer, UAC+1 212 981
0633kbransfield@apcap.com
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