Heidmar to start trading under the “Hmr” bar in NASDAQ Capital Market tomorrow morning, February 20, 2025
Miami – London, UK – Athens, Greece, February 19, 2025 (Globe Newswire) – MGO Global Inc. (Nasdaq: Mgol), a digital living brand portfolio company, (“MGO”, “MGO Global” or “Company”), and Heidmar, Inc., a global trade management business and market pool of dry products tanks, raw oil and refined market of oil products (“Heidmar”), Today they announced the successful completion of the business combination (“Business Combination”), resulting in each of the MGO and Heidmar to become fully owned subsidiary of Heidmar Maritime Holdings Corp. (“Holdings”).
Commenting on the closure of the transaction, Ppakaj Khanna, Chief Executive Officer of Holdings, noted, “First we would like to accept and thank the teams of people who worked diligently and cooperative about the clock to successfully close this business combination. Our new nasdaq ranking resulting under the ‘hmr’ note represents a vital step before what we believe will be a way Transformation for Heidmar, positioning our company to provide new and sustainable value to all stakeholders, while strengthening us to establish completely new standards of perfection for our industry. “
advisers
Maxim Group LLC is serving as an exclusive MGO financial adviser regarding the Union and Sea Capital Advisors is serving as the exclusive financial advisor of Heidmar. Sichenzia Ross Ferience Carmel, LLP is serving as a legal adviser to MGO and Seward & Kissel LLP is serving as a legal adviser to Heidmar and Holdings.
About Heidmar, Inc.
Celebrating her 40sTh The anniversary in 2024, Heidmar is a business based on Athens, first class and pool management that serves in the raw market and product tankers and is committed to safety, performance, relationships and transparency. With operations in Athens, London, Singapore, Chennai, Hong Kong and Dubai, Heidmar has a reputation as a reliable and responsible partner with a purpose to maximize the benefit of our customers. Heidmar seeks to provide ship owners a “one stop” solution to all marine services in raw oil, refined oil products and dry wholesale sectors. Heidmar believes that his unique business model and extensive experience in the marine industry allows the company to achieve premiere market coverage and use, as well as provide customers in the sector of commercial transport services without problems. For more information, visit www.heidmar.com.
About MGO Global Inc.
MGO Global is actively engaged in building a portfolio of independent, local digital, living brands, which are unique and differentiated, but all determined by distinctive, high quality products and a common commitment to provide high-touch customers experience throughout e-commerce and wholesale channels. MGO currently consists of two business units: American Liberty, which trades a high, high level line of home curated products and external products, including flag stands; and MGO Digital, which utilizes data analytics, advanced technology marketing and the relationship and expertise of our leadership industry to identify, incubate and introduce in the market of new, authentic living concepts. For more information on MGO, please visit www.mgoglobalinc.com.
Future statements
This press release contains certain future statements in terms of federal laws of securities regarding the transaction between properties, MGO and Heidmar. All statements in addition to statements of the historical facts included in this press release, including statements about Holdings’, MGO Global’s or Heidmar future results of operations and financial position, Holdings, MGO business strategy, costs of cost future, time and likelihood of success, management plans and objectives for future operations, future results of current and anticipated operations of Properties, MGO and Heidmar, and the expected value of combined the company after transactions are future statements. These future statements are generally identified by the words “trust”, “project”, “wait”, “anticipate”, “evaluation”, “intend”, “strategy”, “future”, “possibility”, “Plan, “” May “,” should “,” will “,” will “,” will be “,” will continue “,” likely to result “, and similar expressions. These future statements are subject to a number of risks, uncertainties and assumptions, including, but not limited to, the following risks regarding the proposed transaction: occurrence of any event, change or other circumstances that may create conclusion to Transaction agreement; The risk that the transaction will not end in a timely or not at all, which may adversely affect the price of MGO securities; the emergence of any event, change or other circumstances that may cause the transaction agreement to conclude; The inability to complete the transactions provided by the transaction agreement, including due to non -obtaining the approval of MGO shareholders or other conditions for closing in the transaction agreement; Inability to obtain or maintain order of ordinary property shares in Nasdaq after transaction; The risk of transactions disrupts current plans and MGO operations as a result of notification and consumption of transactions; The ability to recognize the projected benefits of transactions, which may be affected, among other things, competition, ability of combined company to grow and manage economically growth and employ and maintain leading employees; transactions related costs; changes to applicable laws or regulations; The possibility that properties, Heidmar or MGO may be adversely affected by other economic, businesses and/or competitive factors; and other risks and uncertainties that will be identified in the representative’s statement/prospectus (when available) in relation to transactions, including those under the “risk factors” in it, and other records with the SEC made of Holdings and MGO. Moreover, properties, Heidmar and MGO operate in highly competitive and rapid changes. Because future statements seem to be subject to risks and uncertainties, some of which cannot be predicted or determined in quantities and some of which are beyond the control of Holdings, Heidmar and MGO, you should not rely on these future statements as forecasts of future events. Future statements only speak since the date they have been made. Readers have been warned not to believe unjust in future statements, and except as required by law, Holdings, Heidmar and MGO do not receive any obligations and do not intend to update or review these future statements, either as a result of new information, future events, or otherwise. None of the properties, Heidmar or MGO gives any assurance that either Heidmar or MgO or possessions will reach his expectations.