PLUS™ Completes Acquisition of GOOD™
52 Capital Partners, LLC | December 13, 2018
52 Capital Partners, LLC Advises Leading Branded Food Products Company in Connection with All-Stock Acquisition of California-Based Food Manufacturer
December 13, 2018 – San Mateo, California – On December 13, 2018, PLUS™ announced that, further to its press release on December 3, 2018, it has completed the acquisition of all the assets of GOOD™, a California-based food manufacturer, pursuant to the terms of an asset purchase agreement among PLUS™, GOOD and the GOOD security holders’ agent. Under the terms of the agreement, PLUS™ issued 357,464 subordinate voting shares to the shareholders and holders of simple agreements for future equity of GOOD. Of the 357,464 subordinate voting shares issued, 323,451 subordinate voting shares are subject to an earn-out as previously disclosed in PLUS™’s press release of December 3, 2018. 52 Capital Partners, LLC served as the exclusive strategic advisor to PLUS™ in connection with the transaction.