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WiseTrader

05/06/22 11:11 AM

#4881397 RE: spion #4881388

GHMP merger to close by May 9th...It is expected that the closing of the PXS Merger will occur on or after May 9, 2022, at which time there will be a change in control of the Company, with the Incoming Directors becoming directors of the Company, and the other directors of the Company, William Alessi and Chris Chumas, resigning from their positions with the Company. Following the PXS Merger, the PXS shareholders, as a group (including four of the five Incoming Directors, Ron F. Sickels, Fabian G. Deneault, William E. Sluss and Eric Newlan), will own approximately 80% of the then-outstanding shares of the Company’s common stock.



It is further expected that the closing of the RAI Merger will occur on or after June 15, 2022.



Following the RAI Merger, the PXS shareholders and the RAI shareholder, as a group, will own approximately 84% of the then-outstanding shares of the Company’s common stock.



The change in directors of the Company is expected to occur on the effective date of the PXS Merger, which merger is anticipated to close after expiration of the ten-day period from the date of mailing of this Information Statement required under Rule 14f-1. It is expected that the effective date of the PXS Merger will be on or about May 9, 2022.