The Company will apply to trade under ticker symbol MYNT
Irvine, Ca., June 4, 2024 -Mynt, Inc. announced today the Company has entered into a definitive acquisition agreement to go public. The transaction is expected to close in the third quarter 2024 and will enable Mynt to expand its service capabilities serving gold and silver investors worldwide. The Company is capitalizing on advancements in technology and growing demand from investors to build and protect their assets through investing in gold and silver.
“Mynt is expected to commence trading under the ticker symbol MYNT in the fourth quarter of 2024. The company’s existing management team will stay in place under the leadership of CEO John Drummond. The combined company will announce new board members at a later date,” Mynt said.
Mynt’s existing management team of industry veterans will continue to manage the combined company upon completion of the transaction under the leadership of Chief Executive Officer John Drummond.
Transaction Overview
The transaction has been approved by the board of directors Mynt and is expected to close in late third quarter 2024, subject to the satisfaction of customary closing conditions, including the approval of Mynt’ shareholders. The subsequent offering is expected to raise approximately $25 million of gross proceeds through a private placement of ordinary shares (“PIPE”) from funds and accounts managed by institutions and accredited investors.
About Mynt
Mynt helps people achieve their financial dreams through its revolutionary digital gold and silver platform. The Company is building a global online exchange empowering investors with access to pricing and liquidity historically reserved for banks, institutions and governments. The Mynt platform allows investors to buy, sell and store fractional positions of physical gold and silver. The Company offers wholesale prices and instant liquidity to gold and silver stored in secure vaults around the world.
Cautionary Statement Regarding Forward-Looking Statements
This communication contains forward-looking statements within the meaning of section 27A of the Securities Act and section 21E of the Exchange Act that are based on beliefs and assumptions and on information currently available to Mynt. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” “target,” “seek” or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including strategies or plans as they relate to the proposed transaction, are also forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Although Mynt believes that it has a reasonable basis for each forward-looking statement contained in this communication, the Company cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. Forward-looking statements in this communication include statements regarding the proposed transaction, including the timing and structure of the transaction, the proceeds of the transaction and the benefits of the transaction. Mynt cannot assure you that the forward-looking statements in this communication will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including the ability to complete the business combination due to the failure to obtain approval from shareholders or satisfy other closing conditions in the business combination agreement, the occurrence of any event that could give rise to the termination of the business combination agreement, the ability to recognize the anticipated benefits of the business combination, the amount of redemption requests made by the public shareholders, costs related to the transaction, the risk that the transaction disrupts current plans and operations as a result of the announcement and consummation of the transaction, the outcome of any potential litigation, government or regulatory proceedings and other risks and uncertainties. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by Mynt or their respective directors, officers or employees or any other person that Mynt will achieve their objectives and plans in any specified time
frame, or at all. The forward-looking statements in this communication represent the views of Mynt as of the date of this communication. Subsequent events and developments may cause those views to change. However, while Mynt may update these forward-looking statements in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of Mynt as of any date subsequent to the date of this communication.
No Offer or Solicitation
This communication is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and does not constitute an offer to sell or a solicitation of an offer to buy any securities of Mynt, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
Company Contact:
John Drummond
Chief Executive Officer
Mynt, Inc.
1-760-688-3107
j.drummond@mynt.inc