Above Food Acquires Brotalia, Completes Bite Acquisition Corp. Deal
Ticker: ABVEW · Form: 6-K · Filed: Jun 28, 2024 · CIK: 1979484
| Field | Detail |
|---|---|
| Company | Above Food Ingredients Inc. (ABVEW) |
| Form Type | 6-K |
| Filed Date | Jun 28, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | mixed |
Sentiment: mixed
Topics: acquisition, business-combination, international
TL;DR
Above Food just bought Brotalia and merged with Bite Acquisition Corp. - big moves!
AI Summary
Above Food Ingredients Inc. announced two significant events on June 27 and June 28, 2024. On June 27, the company acquired Brotalia, S.L., a European-based division of Grupo Enhol. The following day, June 28, Above Food completed its business combination with Bite Acquisition Corp.
Why It Matters
These transactions indicate strategic growth for Above Food Ingredients Inc. through acquisition and a completed business combination, potentially impacting its market position and future operations.
Risk Assessment
Risk Level: medium — The company is undergoing significant structural changes with an acquisition and a business combination, which inherently carry integration and financial risks.
Key Players & Entities
- Above Food Ingredients Inc. (company) — Registrant
- Brotalia, S.L. (company) — Acquired entity
- Grupo Enhol (company) — Parent of acquired entity
- Bite Acquisition Corp. (company) — Partner in business combination
- June 27, 2024 (date) — Date of Brotalia acquisition announcement
- June 28, 2024 (date) — Date of Bite Acquisition Corp. business combination completion
FAQ
What is the nature of the business combination with Bite Acquisition Corp.?
The filing indicates that Above Food Ingredients Inc. and Bite Acquisition Corp. announced the completion of their business combination on June 28, 2024.
What is Brotalia, S.L. and its relation to Grupo Enhol?
Brotalia, S.L. is a European-based division of Grupo Enhol that Above Food Ingredients Inc. announced its acquisition of on June 27, 2024.
What type of report is this filing?
This filing is a Form 6-K, which is a Report of Foreign Private Issuer pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934.
When is Above Food Ingredients Inc.'s fiscal year end?
Above Food Ingredients Inc.'s fiscal year ends on January 31 (0131).
Where is Above Food Ingredients Inc. located?
Above Food Ingredients Inc. is located at 2305 Victoria Avenue #001, Regina, Saskatchewan, S4P 0S7.
Filing Stats: 201 words · 1 min read · ~1 pages · Grade level 11.1 · Accepted 2024-06-28 16:11:16
Filing Documents
- tm2416931d4_6k.htm (6-K) — 10KB
- tm2416931d4_ex99-1.htm (EX-99.1) — 18KB
- tm2416931d4_ex99-2.htm (EX-99.2) — 25KB
- tm2416931d4_ex9-2img001.jpg (GRAPHIC) — 10KB
- tm2416931d4_img001.jpg (GRAPHIC) — 9KB
- 0001104659-24-076280.txt ( ) — 80KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Above Food Ingredients Inc. Date: June 28, 2024 By: /s/ Lionel Kambeitz Name: Lionel Kambeitz Title: Chief Executive Officer 2