AGBA Acquisition Limited today filed a proxy offering additional detail on its proposed merger with TAG Holdings.
After facing a market delisting earlier this summer, the Nasdaq in June agreed to give AGBA until November to complete a deal. A Nasdaq rule requires SPACs to close a merger deal within 36 months of their IPO, which in AGBA’s case was back in May 2019.
TAG is engaged in B2B and fintech through its subsidiaries. TAG’s operations are, and will continue to be, conducted by its Hong Kong-based operating subsidiaries, according to the proxy filing.
The transaction with AGBA is an all-stock deal with an enterprise value of $555 million. Read more.
