Plutus Financial Group Limited has amended its merger agreement with Choco Up Group Holdings Limited to extend the deadline for completing the transaction to June 30, 2026, citing the need for additional time to satisfy closing conditions, including Nasdaq approval.
Key takeaways
The deadline to complete the merger with Choco Up Group Holdings Limited has been extended to June 30, 2026, from a previous unspecified date.
The extension is intended to allow more time to satisfy closing conditions, which include obtaining Nasdaq approval for the listing application.
The amendment modifies the termination rights related to the Outside Date, adding a requirement for good faith discussions under specific conditions before termination.
The governing law for the amendment is Hong Kong law, while matters related to the merger itself remain governed by Cayman Islands law.