TKK Symphony Acquisition Corporation and Glory Star New Media Group Limited Announce Closing of Business Combination
TKK SYMPHONY ACQUISITION CORP UNIT (TKKSU)
Company Research
Source: GlobeNewswire
Beijing, Feb. 15, 2020 (GLOBE NEWSWIRE) -- TKK Symphony Acquisition Corporation (Nasdaq: TKKS) (“TKK”), a special purpose acquisition company, and Glory Star New Media Group Limited (“Glory Star”), a leading mobile and online digital media and entertainment company in China, today announced the closing of the transactions contemplated by their previously-announced share exchange agreement, pursuant to which TKK acquired Glory Star (the “Business Combination”). In connection with the Business Combination, TKK changed its name to “Glory Star New Media Group Holdings Limited” and the company expects that, effective February 19, 2020, its ordinary shares and warrants will begin trading under the ticker symbols “GSMG” and “GSMGW,” respectively, on the Nasdaq Capital Market. TKK also announced the expiration and final results of the tender offer it conducted to purchase up to 25,000,000 of its ordinary shares, at the final price of approximately $10.31 per share, net to
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