Caspioilgas LLP cancelled the acquisition of Liberty Resources Acquisition Corp. from a group of shareholders in a reverse merger transaction.
The execution of the definitive business combination agreement for the Transaction is subject to the satisfaction of a number of conditions, including the restructuring of Caspi, completion of due diligence by all parties, the negotiation of the definitive business combination agreement, receipt of NASDAQ approval for the listing, review and approval by the U.S. Securities and Exchange Commission (?SEC?) of the registration statement on Form F-4, any waiting period applicable to the consummation of the Agreement under any antitrust laws shall have expired or been terminated, Liberty shall have net tangible assets of at least $5,000,001, Reorganization shall have been consummated, the receipt of the consent of the creditors of Caspi to the Transaction, the delivery of a PCAOB-compliant audit of Caspi, the approval of the Board of directors and shareholders of Markmore, receipt by the Board of Directors of Liberty of a fairness opinion from an independent investment bank, approval by Liberty?s stockholders, other customary closing conditions, including the receipt of certain regulatory approvals and receipt of binding commitments for an additional equity financing of at least $120 million (collectively, the ?Execution Conditions?). The transaction has been unanimously approved by the boards of directors of Markmore, Caspi and Liberty. As of September 21, 2022, Liberty and Caspi entered into a Second Amendment to Acquisition Letter extending the ?Due Diligence Period? and the ?Exclusivity Period? for a transaction under the Acquisition Letter (the ?Transaction?) to October 15, 2022. As of October 21, 2022, Liberty and Caspi entered into a Third Amendment to Acquisition Letter extending the ?Due Diligence Period? and the ?Exclusivity Period? for a transaction under the Acquisition Letter to November 15, 2022. On November 22, 2022, Liberty and Caspi entered into a fourth amendment to acquisition letter extending the ?Due Diligence Period? and the ?Exclusivity Period? for a transaction under the Acquisition Letter to December 15, 2022. The Transaction is expected to be completed in the fourth quarter of 2022 or the first quarter of 2023. The deal is expected to close in the second quarter of 2023. As of March 30, 2023, the transaction is expected to close in the second half of 2023. As of February 8, 2023, Liberty confirms extension by which it has to consummate its initial business combination by three months from February 8, 2023 to May 8, 2023. A shareholders meeting is schedule on April 18, 2023 to approve an extension proposal by which LIBY has to consummate its initial business combination by three months from May 8, 2023 to February 8, 2024. As of May 4, 2023, Liberty Resources will extend by one month?from May 8, 2023 to June 8, 2023 (the ?Extension?)?the period of time the Company has to consummate its initial business combination (the ?business combination?) and that, in connection with the Extension, the Company?s sponsor, Liberty Fields LLC, deposited an aggregate of $150,000 into the Company?s trust account for its public stockholders. The Extension is permitted under the Company?s governing documents and provides additional time to complete the business combination. As of June 6, 2023, Liberty has extend the period of time the company has to consummate its initial business combination by one month from June 8, 2023 to July 8, 2023, as per permission under the company's governing documents. As of August 8, 2023, Liberty Resources Acquisition Corp. announced that it caused to be deposited $150,000 into the Company's trust account for its public stockholders, allowing the Company to extend the period of time the Company has to consummate its initial business combination by one month from August 8, 2023 to September 8, 2023. As of December 8, 2023, Liberty Resources Acquisition Corp. announced that it caused to be deposited $150,000 into the Company's trust account for its public stockholders, allowing the Company to extend the period of time the Company has to consummate its initial business combination by one month from December 8, 2023 to January 8, 2024. As of January 8, 2024, Liberty Resources Acquisition Corp. announced today that it caused to be deposited $150,000 into the Company?s trust account for its public stockholders, allowing the Company to extend the period of time the Company has to consummate its initial business combination by one month from January 8, 2024 to February 8, 2024. As of April 5, 2024, the transaction is expected to consummate by one month from April 8, 2024 to May 8, 2024.
Continental Stock Transfer & Trust Company acted as transfer agent to Liberty Resources Acquisition Corp. Liberty Resources Acquisition engaged Laurel Hill Advisory Group LLC to assist in the solicitation of proxies for the Special Meeting for a fee of $12,000. LGG Trading Company LDA acted as fairness opinion provider to Liberty. EF Hutton, division of Benchmark Investments, LLC, is serving as capital markets advisor to Liberty. ARC Group Ltd. is serving as financial advisor to Liberty. Andy Tucker, Kathleen L. Deutsch, C. Wells Hall, III and Gavin Beske of Nelson Mullins Riley & Scarborough LLP is serving as legal advisor to Liberty. Dentons Kazakhstan LLP is serving as legal advisors to Markmore. La Gro Geelkerken Advocaten B.V. is serving as Dutch legal advisors to Liberty and Kinstellar LLP is serving as Kazakhstan legal advisors to Liberty.
Caspioilgas LLP cancelled the acquisition of Liberty Resources Acquisition Corp. (NasdaqGM:LIBY) from a group of shareholders in a reverse merger transaction on May 14, 2024.