MGO Global (NASDAQ: MGOL) Extends Business Combination Agreement with Heidmar, Inc.

MGO Global Inc. announced today the extension of its Business Combination Agreement with Heidmar, Inc. The Delaware corporation, MGO Global, had originally entered into the definitive Business Combination Agreement and Plan of Merger with Heidmar, Inc., Heidmar Maritime Holdings Corp., and others on June 18, 2024. This agreement was subsequently amended on December 17, 2024.

As of January 31, 2025, MGO and Heidmar, Inc. have signed the Second Amendment to the Business Combination Agreement, extending the termination date from February 10, 2025, to February 28, 2025. This modification aims to provide more time for both parties to fulfill the terms of the agreement effectively.

The amendment is a strategic move that reflects the commitment of both MGO Global and Heidmar, Inc. to ensure a successful merger and business integration. The extended timeline allows for thorough preparations, diligence, and compliance with regulatory requirements, setting a solid foundation for the future combined entity.

This extension marks a significant development in the ongoing merger process between MGO Global and Heidmar, Inc., contributing to the clarity and efficiency of the transaction. The full text of the Second Amendment to the Business Combination Agreement can be referenced in the Exhibit 2.1 attached to MGO Global’s Current Report on Form 8-K.

Moving forward, MGO Global (NASDAQ: MGOL) and Heidmar, Inc. continue to advance towards the completion of their merger, demonstrating a dedication to creating a cohesive and successful combined entity in the future.

This extension aligns with MGO Global’s commitment to fostering growth and innovation through strategic agreements and mergers within the industry.

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This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read MGO Global’s 8K filing here.

About MGO Global

MGO Global, Inc operates as a lifestyle brand portfolio company. The company is involved in the fashion design, brand development and management, sourcing and manufacturing, licensing, IP protection, corporate finance, consumer engagement and experience, ecommerce, and retail sales and marketing activities related to the Messi brand.