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Refreshing USA LLC, A National U.S. Independent Automated Unattended Retailer, Announces Plans to Go Public Via Merger With Integrated Wellness Acquisition Corp

Benzinga Real-time News ·  Feb 10, 2023 08:38
  • Refreshing USA, LLC ("Refreshing USA") has entered into a merger agreement with Integrated Wellness Acquisition Corp (NYSE:WEL)
  • The combined company, which will be named Refreshing USA, will have an implied Pro-forma enterprise value of approximately $197.97 million with up to approximately $105.78 million in additional cash, assuming no redemptionsby Integrated Wellness' public shareholders
  • Current Refreshing USA shareholders will retain 100% of their equity and will continue to own approximately 52.67% of the combined company on a pro forma basis, assuming noredemptions by Integrated Wellness' public shareholders

EVERETT, WA, Feb. 10, 2023 (GLOBE NEWSWIRE) --Refreshing USA, founded by Ryan Wear, who has operated...

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