Proficient Alpha Acquisition Corp. and Lion Financial Group Limited Announce Execution of Definitive Business Combination Agreement
Proficient Alpha Acquisition Corp. (PAACU)
US:NASDAQ Investor Relations:
prnewswire.com/news-releases/pacific-special-acquisition-corp-and-borqs-international-holding-corp-announce-completion-of-business-combination-300506647.html
Company Research
Source: GlobeNewswire
NEW YORK, NY, March 10, 2020 (GLOBE NEWSWIRE) -- Proficient Alpha Acquisition Corp., a Nevada corporation (“Proficient”) (NASDAQ:PAAC) and special purpose acquisition company formed for the purpose of entering into a business combination, and Lion Financial Group Limited, a British Virgin Islands corporation (“Lion”) and Hong Kong-based diversified financial services company, announced today they have entered into a definitive business combination agreement (the “BCA”) for a transaction valued at approximately $125 million. Stephen Sze, Proficient’s CEO said “It’s my great pleasure to announce today that Proficient and Lion Financial Group will merge to create a premier financial services provider. The combined company will have the passion and capabilities to compete more effectively and profitably in the global marketplace. The goal can be achieved as a result of integration of our competitive advantages.” “Since the founding of our company four years ago, Lion has been a disr
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