Under the terms of the LOI, PickleJar is expected to hold a majority stake in the post-Business Combination entity whose share capital will be listed on the OTC exchange. Yuengling and PickleJar intend to enter into a definitive agreement pursuant to which Yuengling and PickleJar would combine. The proposed transaction includes changing the Company name to
Following the closing of the business combination, PickleJar’s co-founder
Yuengling’s anticipates announcing additional details at the time of execution of the definitive agreements (“Definitive Agreements”) for the Business Combination in the coming weeks subject to the completion of due diligence, the negotiation of the Definitive Agreements, approval of the transaction by the board and shareholders of both Yuengling’s and PickleJar, as well as regulatory approvals and other customary conditions.
About Yuengling’s Ice Cream (YCRM)
Yuengling’s Ice Cream was founded by American businessman
Yuengling’s Investor Relation Contacts:
Email: IR@yuenglingsicecream.com
Phone: 570-968-4352
About
PickleJar is a content-driven media network and live entertainment technology, unifying every touchpoint of the fan experience for emerging artists, mid-sized venues, and global brands. The company's payments technology, Venue Managed Services and proprietary performance management tools are changing the way money is made and moved in the entertainment industry. Leveraging the advertising and music industry expertise of our leadership team, the company offers a suite of services and revenue-share programs to create direct engagement between artists and fans and increase loyalty for venues and brands through the PickCoins rewards program for the new Gratitude Economy. Visit PickleJar.com to learn more about the company's expanding platform of services engineered to "monetize the moments."
PickleJar’s Media Contact:
Email: media@picklejar.com
Information about Forward-Looking Statements
This press release contains “forward-looking statements” that include statements regarding expected financial performance and growth information relating to future events. Forward-looking statements include statements with respect to beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond the control of the Company and its officers and managers, and which may cause actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which, that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in, or suggested by, the forward-looking statements. Important factors that could cause these differences include, but are not limited to; inability to gain or maintain licenses, reliance on unaudited statements, the Company’s need for additional funding, governmental regulation of the cannabis industry, the impact of competitive products and pricing, the demand for the Company’s products, and other risks that are detailed from time-to-time in the Company’s filings with the
Source: Yuengling’s
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