Summary by Moomoo AI
On December 6, 2023, African Agriculture Holdings Inc. (African Agriculture) underwent a significant corporate restructuring involving a merger and a series of related transactions. The company, previously known as 10X Capital Venture Acquisition Corp. II, completed a merger with African Agriculture, Inc. (AFRAG), resulting in AFRAG becoming a wholly owned subsidiary of African Agriculture Holdings Inc. This business combination was part of a Merger Agreement dated November 2, 2022, which included amendments leading up to the closing date. As part of the merger, shares of AFRAG were converted into shares of African Agriculture Holdings Inc. Global Commodities & Investments Ltd. and Vasile Frank Timis, who jointly filed the Schedule 13D with the SEC, received an aggregate of 16,378,797 shares of Common Stock of the Issuer pursuant to the...Show More