From GlobeNewswire: 2025-02-14 17:20:00

MGO Global Inc. and Heidmar, Inc. announced that MGO stockholders approved a proposed business combination at a Special General Meeting of Stockholders. The combined company will operate as Heidmar Maritime Holdings Corporation and trade on The Nasdaq Capital Market under the ticker symbol “HMR”. The Business Combination involves a merger, share issuance, and transfer of Heidmar shares to Holdings. The transaction is expected to close next week. Advisors for the merger include Maxim Group LLC and Seaborne Capital Advisors, with legal counsel provided by Sichenzia Ross Ference Carmel, LLP and Seward & Kissel LLP.

Maximiliano Ojeda, CEO of MGO Global, expressed gratitude for stockholder approval of the business combination with Heidmar. MGO stockholders will receive Holdings shares based on an issuance ratio of 30 MGO shares for every one Holdings ordinary share. The Heidmar Share Acquisition involves transferring Heidmar shares to Holdings. Additional Holdings shares will be issued as consideration for advisory services provided to MGO. The final voting results will be disclosed in a Current Report on Form 8-K filed with the SEC later today.

Heidmar, Inc., celebrating its 40th anniversary, is a commercial and pool management business focused on the crude and product tanker market. With operations in multiple locations, Heidmar aims to maximize customer profitability through its asset light business model. MGO Global Inc. is building a portfolio of lifestyle brands, including Americana Liberty and MGO Digital. The companies are committed to delivering high-quality products and customer experiences. Forward-looking statements in the press release outline the risks and uncertainties associated with the proposed transaction. For more information, contact MGO Global Inc. or Heidmar, Inc. via the provided contact information.



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