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MZ North America is handling NaturalShrimp’s merger with Yotta Acquisition Corp. in a SPAC deal worth about $275M.
Dallas-based NaturalShrimp and Yotta plan to kick off a global marketing campaign to educate institutional and other investors about its system for growing shrimp in enclosed, land-based, salt-water systems to produce fresh seafood without the use of antibiotics and probiotics.
CEO Gerald Easterling expects the merger will fund facility expansion to Florida, Nevada and the Northeast. NaturalShrimp currently has production plants near San Antonio and Webster City, IA.
He sees the potential to roll out NaturalShrimp’s products across the Top Ten markets in the US.
Chris Tyson, executive VP at MZ North America, is working the deal.
MZ Group of Sao Paulo is parent of MZ North America.
Joele Frank represents Philadelphia-based Axalta Coating Systems as it agrees to merge with Amsterdam’s AkzoNobel in a deal valued in the $25B range.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
