London-based SPAC More Acquisitions won shareholder approval to change the company’s name to Pristine Capital.
The new name reflects a change in management and acquisition strategy.
“With consolidation taking place in the real estate sector, the board believes that there is a particular opportunity in the small-cap sector to build a valuable property investment company, notwithstanding that the sector might be out of favour at this time,” says Executive Chair Neil Sinclair. “As a first step, we intend to acquire either a distressed commercial property portfolio or one which is part of a much larger holding, preferably corporately, and where the vendors will accept part of the consideration by way of the issue of new ordinary shares in the company.” Read more.
