Carlson Investments SE (CAI:WSE, 2HB:FRA, STU, MUC) announces that on 15/11/2022, one of its investments, OceanTech Acquisitions I Sponsors LLC (OTEC, OTECU), based in Delaware, USA and listed on the US Nasdaq CM, announced that it has entered into a definitive merger agreement with Majic Wheels Corp. (OTC: MJWL), a holding company that operates through its companies in industries including Fintech, Insurtech, software development and cryptocurrency exchange platforms. As a result of the transaction, Majic Wheels will become a public company listed on The Nasdaq Stock Market LLC. In addition, in connection with the Merger Agreement, OceanTech and Majic Wheels have entered into Forward Share Purchase Agreement for up to $40 million. Upon closing of the transaction, OceanTech will change its name to Majic Corp. (the “Merged Company”) and expects to remain listed on the Nasdaq Stock Market LLC under the symbol “MJWL” with a total value of $333,360,290.
OCEANTECH ACQUISITIONS HAS MERGERED WITH MAJIC WHEELS CORP.