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If $ALGR almost inked a deal with TGI Friday's. Will they come back later on when market conditions are better or another big entity will come in. Worth buying at these levels and hold IMO!!
Item 1.02 Termination of a Material Definitive Agreement
On March 31, 2020, Allegro Merger Corp. (the “Company”) and TGIF Holdings, LLC (“Holdings”) mutually determined, due to extraordinary market conditions and the failure to meet necessary closing conditions, to terminate the previously announced Agreement and Plan of Merger (“Merger Agreement”), dated as of November 8, 2019, by and among the Company, Holdings, TGIF Midco, Inc. (“Midco”), Allegro Merger Sub, Inc., and Rohit Manocha, solely in his capacity as the representative of the equityholders of Holdings and Midco. https://www.otcmarkets.com/filing/html?id=14047789&guid=0JpWUWHecW_hjth
I bought some shares today, as TGI Friday's merger could reboot later on or another big entity merger come in!! This stock was at .20-.35 before March 17, 2020!