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Tiderock Companies and MTAG Composites to Merge to Create Global Materials Company

Tiderock Companies and MTAG Composites to Merge to Create Global Materials Company

Tiderock Companies和MTAG Composites將合併成立全球材料公司
Accesswire ·  02/20 22:45

BOSTON, MA / ACCESSWIRE / February 20, 2024 / Tiderock Companies, Inc. ("we", "our", or the "Company"), (OTC Pink:TDRK) is pleased to announce the signing of a Letter of Intent to acquire controlling interest of MTAG Composites LTD., a UK-based manufacturer renowned for its specialized molding solutions.

馬薩諸塞州波士頓/ACCESSWIRE/2024年2月20日/ Tiderock Companies, Inc.(“我們” 或 “公司”)(場外交易鏈接:TDRK)很高興地宣佈簽署了收購以專業成型解決方案聞名的英國製造商MTAG Composites LTD. 控股權的意向書。

Established in 2008, MTAG Composites LTD, ("MTAG") has a solid footing in the European Marketplace, delivering a broad array of services across multiple sectors:

MTAG Composites LTD(“MTAG”)成立於2008年,在歐洲市場擁有堅實的立足點,在多個領域提供廣泛的服務:

  • Rail
  • Automotive
  • Aerospace
  • Construction
  • Marine
  • Defense
  • 鐵路
  • 汽車
  • 航空航天
  • 施工
  • 海軍
  • 防禦

MTAG is well-positioned to capitalize on the composites market's growth, which saw a valuation of USD $105.75 billion in 2022, and is expected to surge to USD $191.36 billion by 2032, growing at a CAGR of 6.1% from 2023 to 2032. For the fiscal year 2024, MTAG forecasts Gross Revenue of $12.5M USD, EBITDA of $3.0M USD and net income of $1.75M USD.

MTAG完全有能力利用複合材料市場的增長,該市場的估值在2022年達到1057.5億美元,預計到2032年將激增至1913.6億美元,從2023年到2032年將以6.1%的複合年增長率增長。MTAG預測2024財年的總收入爲1,25萬美元,息稅折舊攤銷前利潤爲300萬美元,淨收入爲175萬美元。

The purchase price of 90% of MTAG is £6.75M GBP (approximately $8.44M USD). The payment structure includes a promissory note of $1,250,000 USD, the issuance of 625,000 Series D Preferred Shares, and a reserve portion of the purchase price payable in cash and/or common stock at the Company's discretion after 12 months. New Series D Preferred shares, with a par value of $0.001, will have a stated value of $10 and can be converted into common stock at $0.20 per share, equating to 50 common shares for each share of Series D Preferred Stock. The transaction's closing is contingent upon satisfactory due diligence, definitive agreements and is slated to close by March 31, 2024.

MTAG90%的收購價格爲675萬英鎊(約合844萬美元)。支付結構包括125萬美元的期票、625,000股D系列優先股的發行以及12個月後由公司自行決定以現金和/或普通股支付的收購價的儲備部分。新的D系列優先股面值爲0.001美元,其規定價值爲10美元,可以以每股0.20美元的價格轉換爲普通股,相當於D系列優先股每股50股普通股。該交易的完成取決於令人滿意的盡職調查和最終協議,並計劃於2024年3月31日完成。

Following the merger's completion, Tiderock Companies will operate under two primary divisions: manufacturing and real estate. MTAG shall lay the groundwork for the manufacturing efforts, extending its UK footprint to the United States and additional UK sites.Amidst a backdrop of stabilized interest rates and continued housing demand in targeted US markets, the Real Estate division, under the Sora brand, continues to develop unique commercial properties. The Company has discontinued activities related to the previously contemplated solar joint venture.

合併完成後,Tiderock Companies將在兩個主要部門下運營:製造業和房地產。MTAG將爲製造業奠定基礎,將其在英國的足跡擴展到美國和其他英國基地。在利率穩定和美國目標市場持續住房需求的背景下,Sora品牌的房地產部門繼續開發獨特的商業地產。該公司已停止與先前考慮的太陽能合資企業相關的活動。

About Tiderock Companies, Inc.: Tiderock Companies is a diversified investment and advisory services company, specializing on real estate, land development, infrastructure, and private equity. With over 20 years of real estate experience, the Company specializes in land development, mixed-use real estate development, project management and public-private partnerships. Tiderock Companies, Inc. (OTC Pink:TDRK) is headquartered in Boston, MA., and can be contacted at or by phone at (800) 791-8433.

關於 Tiderock Companies, Inc.: Tiderock Companies是一家多元化的投資和諮詢服務公司,專門從事房地產、土地開發、基礎設施和私募股權投資。該公司擁有超過20年的房地產經驗,專門從事土地開發、混合用途房地產開發、項目管理和公私合作伙伴關係。Tiderock Companies, Inc.(場外交易代碼:TDRK)總部位於馬薩諸塞州波士頓,可以通過撥打或致電(800)791-8433與之聯繫。

About MTAG Composites, LTD.: Established in 2008, MTAG Composites specializes in the manufacture of high quality Phenolic, Epoxy and Polyester Glass Fiber and Carbon Fiber reinforced plastic moldings with a diverse product mix for customers within the aerospace, automotive, marine, rail and construction industries. MTAG manufacturing facilities consist of over 61,000 sq ft based at Coningsby, Lincolnshire UK and employ over 120 employees.

關於 MTAG 複合材料有限公司: MTAG Composites 成立於 2008 年,專門爲航空航天、汽車、船舶、鐵路和建築行業的客戶生產高質量酚醛、環氧樹脂和聚酯玻璃纖維和碳纖維增強塑料模製品,產品組合多樣。MTAG製造設施佔地超過61,000平方英尺,位於英國林肯郡的科寧斯比,僱用了120多名員工。

Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.

本新聞稿中關於前瞻性陳述的通知不純屬歷史陳述,均爲前瞻性陳述,包括有關未來信念、計劃、預期或意圖的任何陳述。由於多種因素,實際結果可能與任何前瞻性陳述中的預測有所不同。這些前瞻性陳述是截至本新聞稿發佈之日作出的,我們認爲沒有義務更新前瞻性陳述,也沒有義務更新實際業績可能與前瞻性陳述中預測的結果不同的原因。儘管我們認爲本新聞稿中包含的任何信念、計劃、期望和意圖都是合理的,但無法保證任何此類信念、計劃、期望或意圖將被證明是準確的。

For more information:
Tiderock Companies, Inc.
53 State Street, Suite 500
Boston, MA 02109

欲了解更多信息:
Tiderock Companies, Inc.
州街 53 號,500 號套房
馬薩諸塞州波士頓 2109

Thomas B. Fore, CEO
Email: info@tiderockcompanies.com
Phone: (800) 791-8433

首席執行官托馬斯·福爾
電子郵件:info@tiderockcompanies.com
電話:(800) 791-8433

SOURCE: Tiderock Companies, Inc.

來源:Tiderock Companies, Inc.


譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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