Heidmar Maritime Holdings Corp. commenced trading on the Nasdaq Capital Market under the ticker symbol "HMR" on February 20, 2025. This follows a business combination transaction involving Heidmar Inc. and MGO Global Inc., which was a Nasdaq-listed company. The transaction positions Heidmar as a publicly traded entity.
Heidmar Inc. is the accounting acquirer in this business combination, with MGO Global Inc. being the acquired entity. The historical financial information of Heidmar Inc. will be carried forward as the historical financial information of the newly formed company. This structure ensures continuity in financial reporting.
CEO Pankaj Khanna expressed gratitude for shareholder support during the merger process and welcomed them to Heidmar. The company, founded in 1984, is recognized in the global maritime community for its commercial and pool management services. This public listing is a strategic step for the company's future growth.
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