ESH Acquisition Corp. and The Original Fit Factory have agreed to merge, with an implied pro-forma equity valuation for The Original Fit Factory at $500 million. The former security holders of The Original Fit Factory will receive transaction consideration in newly issued shares of common stock of TOFF Holdings. The resulting combined company is expected to be listed on Nasdaq. ESH will merge with a subsidiary of TOFF Holdings, with ESH becoming a wholly-owned subsidiary. TOFF Holdings will be renamed The Original Fit Factory, Inc.

Read more at Nasdaq, Inc.: ESH Acquisition Corp., Original Fit Factory To Merge