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Ruckify and Fat Llama Announce Merger


On September 14, 2021, Ruckify Inc. and Fat Llama Inc. entered into a definitive merger agreement pursuant to which Ruckify will acquire all of the issued and outstanding shares of capital stock of Fat Llama on the basis of 1.841 common shares of Ruckify for each Fat Llama share held. The transaction will be completed by way of a “reverse triangular” merger in accordance with the Delaware General Corporation Law whereby a newly-formed subsidiary of Ruckify will merge with, and into, Fat Llama.  Fat Llama will become a wholly-owned operating subsidiary of Ruckify. The closing of the transaction is conditional upon, among other things, Ruckify completing a qualifying transaction with a capital pool company.

Cassels is acting as counsel to Ruckify.

RELATED EXPERTISE: Securities | Mergers & Acquisitions