Next Hydrogen Corporation and BioHep Technologies Ltd Announce Execution of Definitive Agreement for Reverse Takeover Transaction and Concurrent Financing – Padovanews padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
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TORONTO, March 04, 2021 (GLOBE NEWSWIRE) Further to the press release dated December 21, 2020, Next Hydrogen Corporation (“
Next Hydrogen” or the “
Company“) and BioHep Technologies Ltd. (“
BioHep”), are pleased to announce that, further to their letter of intent dated December 21, 2020, Next Hydrogen and BioHep have entered into a definitive amalgamation agreement dated March 3, 2021 (the “
Amalgamation Agreement”), pursuant to which Next Hydrogen and a newly-formed subsidiary of BioHep will amalgamate to form a subsidiary of BioHep (“
Amalco”) and the shareholders of Next Hydrogen will receive common shares of BioHep (the “
Transaction”). Upon completion of the Transaction, it is the intention of the parties that BioHep (the “
Non-cleared margin logjam looms after squandered delay
Fewer than half of phase five firms have submitted documentation necessary to open custody accounts Print this page
Buy-side firms could struggle to meet the already delayed deadline for complying with the fifth wave of the non-cleared margin rules after many of them wasted a 12-month extension granted by regulators in response to the Covid-19 pandemic.
Firms with more than €50 billion equivalent in average aggregate notional amount (AANA) of over-the-counter derivatives will be required to start exchanging initial margin with counterparties from September 1, if they exceed the minimum exchange threshold of
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