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Thursday, January 19, 2023 7:24:33 PM
CENTENNIAL, Colo., Sept. 26, 2022 /PRNewswire/ -- NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX: NB) (OTCQX: NIOBF) and GX Acquisition Corp. II ("GXII") (Nasdaq: GXII) today announced the signing of a definitive agreement (the "Business Combination Agreement") for a proposed business combination between the two companies.
Under the Business Combination Agreement, NioCorp will acquire GXII, a U.S.-based special purpose acquisition company, and intends to be listed on the Nasdaq Stock Exchange soon after the acquisition closes, which is expected in the first quarter of 2023.
NioCorp shares will also continue to be traded on the Toronto Stock Exchange ("TSX"). The proposed Transaction (as defined below) values the combined entity at an estimated enterprise value of $313.5 million.”
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