Next Green Wave (fka NXGWF)

[YM4208]

The Exchange Ratio is subject to adjustment as follows:

If the 10-day VWAP of Planet 13 common shares (the "Planet 13 Shares") on the CSE immediately preceding the second business day prior to the closing of the Transaction (the "Planet 13 Closing Price") is below C$5.50 but above C$4.06, then the Exchange Ratio will be calculated as C$0.4650 divided by the Planet 13 Closing Price;

If the Planet 13 Closing Price is less than or equal to C$4.06, then the Exchange Ratio shall be 0.1145; and

If the Planet 13 Closing Price is greater than or equal to C$5.50, then the Exchange Ratio shall be 0.0845.


https://www.otcmarkets.com/stock/NXGWF/news/Planet-13-to-Acquire-Next-Green-Wave-Holdings-Expanding-Presence-in-California-with-Premium-Indoor-Cultivation-and-an-Ex?id=336690