Lake Superior Acquisition Corp. amends merger agreement with Openmarkets Group

Lake Superior Acquisition Corp. announced an amended and restated business combination agreement with Openmarkets Group Pty Ltd. Under revised terms, the Openmarkets shareholder will exchange its shares for $300 million in Pubco ordinary shares at closing, with an additional $700 million in milestone-based shares held in escrow. The parties adjusted the pre-closing structure and extended the merger's outside date to March 31, 2027.

Detected & updated continuously · Source: Nebula