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Evergreen Corp (OTC Pink:EGUVF) announced that its business combination agreement with Forekast Limited and Forekast International Sdn. Bhd. was terminated after the merger was not completed by the agreed deadline.
According to a press release statement and a filing with the Securities and Exchange Commission, Evergreen Corp received a notice of termination on June 5 from Forekast. The agreement, originally signed on September 5, 2024 and amended on or about September 18, 2024, was ended under Section 12.1(d)(i) of the contract because the merger was not consummated prior to February 28, 2025.
With the termination, the agreement is void and no party has any further liability under its terms.
Evergreen Corp is based in the Cayman Islands and is listed on the OTC Pink market under the ticker EGUVF. Its warrants and units trade under the symbols EGSVF and EGRVF, respectively.
This article is based on a press release statement and information disclosed in an SEC filing.
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