EDOC Acquisition and Australian Oilseeds Investments Pty Ltd. announced today that they have entered into a definitive business combination agreement.
If approved, at closing Australian Oilseeds will list on the Nasdaq. The transaction represents a post-combination valuation of $190 million for the Company upon closing, subject to adjustment.
For more than 20 years, the company has engaged in the business of processing, manufacturing and selling of non-GMO oilseeds and organic and non-organic food-grade oils for the growing oilseeds market, through sourcing materials from suppliers focused on reducing the use of chemicals in consumables in order to supply healthier food ingredients, vegetable oils, proteins and other products to customers globally.
ARC Group Limited is serving as exclusive financial advisor to Australian Oilseeds with Rimon P.C. acting as legal counsel. I-Bankers Securities is serving as financial advisor to EDOC. Ellenoff Grossman & Schole is acting as legal counsel to EDOC, with Maples acting as the Cayman counsel to EDOC and Clayton Utz acting as the Australian counsel to EDOC. Read more.
