Above Food Ingredients Inc. has announced the execution of a definitive business combination agreement with Palm Global Technologies Ltd. The merger will see Above Food and Palm Global combine through a statutory plan of arrangement. This strategic move, unanimously approved by the boards of both companies, adds billions of dollars in gold-based assets to Above Food's balance sheet, enhancing its position as a leader in the issuance of stablecoins and asset tokenisation. His Highness Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum of the Dubai Royal Family has been appointed to the Board of Directors, further solidifying the combined company's global leadership. The anticipated outcome of the merger includes the trading of the combined company's shares on The Nasdaq Capital Market, pending necessary approvals.
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