10X Capital Venture Acquisition II completed its merger with African Agriculture, a global food security company operating a commercial-scale alfalfa farm on the African continent.
The transaction was approved Dec. 5 by 10X II shareholders. The deal was announced in Novmber 2022 at a $450 million pre-money enterprise valuation.
African Agriculture’s common stock and warrants began trading today on the Nasdaq under the ticker symbols AAGR and AAGRW.
Each holder of 10X II shares will have each share converted into one share of African Agriculture’s common stock and will receive an additional 0.39556 shares of African Agriculture’s common stock. As a result, the public holders of the 262,520 10X II Class A ordinary shares will receive an additional 103,842 shares for a total of approximately 366,362 shares of African Agriculture stock. Read more.
