Put companies on watchlist
Swiss Merchant Group AG
ISIN: CH0323874260
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

Swiss Merchant Group AG · ISIN: CH0323874260 · EQS - Company News (18 News)
Country: Switzerland · Primary market: Switzerland · EQS NID: 1709211
22 August 2023 06:42PM

Intended Transaction of Cardea Corporate Holdings Inc. and Global Blockchain Acquisition Corp


EQS-News: Swiss Merchant Group AG / Key word(s): Merger/Takeover
Swiss Merchant Group AG: Intended Transaction of Cardea Corporate Holdings Inc. and Global Blockchain Acquisition Corp

22.08.2023 / 18:42 CET/CEST
The issuer is solely responsible for the content of this announcement.



Kastanienbaum, Luzern, 22nd August 2023

Press Release

Intended Transaction of Cardea Corporate Holdings Inc. “Cardea” and Global Blockchain Acquisition Corp “GBBK”

Swiss Merchant Group AG ("SMG"), a Swiss-based investment company, shareholder and fiduciary representative of a total of 31,845,000 shares of Cardea Corporate Holdings Inc. ("Cardea"), Georgia, USA, welcomes the announced transaction and congratulates the parties involved Global Blockchain Acquisition Corp. and its CEO Dr. Max Hooper and Cardea Corporate Holdings Inc. and its CEO and Founder Jordan Waring on the announced reverse merger capital markets transaction. 

SMG and its shareholder group remain committed to supporting Cardea in the International Capital Markets and on its planned path to build a Global Asset Management and Wealth Management Group.

Cristian Mantzke, Chief Investment Officer of Swiss Merchant Group AG: "We are pleased that the sale of Cardea Europe AG - formerly DESIAG - in 2021 has proven to be an important milestone for Cardea Corporate Holdings Inc. at a very early stage to further open and expand its business model and access to the capital market."

Swiss Merchant Group AG announced on 18.11.2021 that on 21.10.2021 it had acquired a 9.9% stake in the US company CARDEA Corporate Holding Inc. based in Atlanta, Georgia, as part of a strategic investment; a further 6.4% is held by SMG in trust for another investor. As of December 31, 2021, Swiss Merchant Group AG thus holds a total of 16.3% of the shares in Cardea Corporate Holding Inc. The notarized purchase of the 9.9% was concluded as part of a share exchange between Swiss Merchant Group AG and Cardea Corporate Holdings Inc. A further share position of 4,950,000 Cardea shares was transferred to SMG in August 2023 by means of a trust proxy agreement.

Swiss Merchant Group AG
Villa “Krämerstein”
St. Niklauserstrasse 59
CH-6047 Kastanienbaum
Central Desk + 41 41 511 37 00


1934678D US
GBBK US
1848733D GR
1395605D SW


22.08.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Swiss Merchant Group AG
Bahnhofsplatz, 4th Floor
6047 Kastanienbaum
Switzerland
Phone: +41 41 511 37 00
E-mail: info@swissmerchantgroup.com
Internet: www.swissmerchantgroup.com
ISIN: CH0323874260
WKN: A1817G
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt
EQS News ID: 1709211

 
End of News EQS News Service

1709211  22.08.2023 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1709211&application_name=news&site_id=boersengefluester

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.