EquiFin, Inc. (‘the Company’) (AMEX:II and II,WS) today announced the signing of a definitive merger agreement providing for the anticipated merger of Celtic Capital with EquiFin.
The parties expect the merger could be completed on or before the end of August, subject to the satisfaction of certain conditions, including EquiFin's ability to raise $3,000,000 of new capital.
The Company will initially issue 1,450,000 shares of common stock to Celtic's selling stockholders with up to 350,000 additional shares of common stock able to be acquired by Celtic's selling stockholders over the next three years based on achieving certain earnings.
