Ruckify Inc.’s Amalgamation Agreement with Apolo III Acquisition Corp.

Wildeboer Dellelce LLP acted for Apolo in connection with entering into the definitive agreement for the qualifying transaction. Cassels represented Ruckify.

Ruckify Inc. and Apolo III Acquisition Corp. have entered into a definitive amalgamation agreement pursuant to which the parties will complete a business combination. The transaction will result in a reverse take-over of Apolo by Ruckify and will constitute Apolo’s “Qualifying Transaction”.

Pursuant to the transaction, Ruckify and a wholly-owned subsidiary of Apolo will amalgamate to form a new amalgamated company, and upon such amalgamation, holders of Common Shares will receive one post-consolidation Apolo common share for each Common Share held.

Founded in Ottawa, Canada, in 2017 Ruckify’s peer-to-peer rent anything marketplace provides a platform enabling Ruckify users to monetize their assets while at the same time leverage the sharing economy to rent items and minimize what they own, avoiding investment in depreciating assets.

The Wildeboer Dellelce team was comprised of Jeff Hergott (Picture), Patricia Good and Jessica Coco (corporate/securities).

The Cassels team comprised of Jonathan Sherman, Jamie Litchen, Tayyaba Khan and Thea Gaertner (Securities).

Involved fees earner: Thea Gaertner – Cassels Brock & Blackwell LLP; Tayyaba Khan – Cassels Brock & Blackwell LLP; Jamie Litchen – Cassels Brock & Blackwell LLP; Jonathan Sherman – Cassels Brock & Blackwell LLP; Jessica Coco – Wildeboer Dellelce LLP; Patricia Good – Wildeboer Dellelce LLP; Jeff Hergott – Wildeboer Dellelce LLP;

Law Firms: Cassels Brock & Blackwell LLP; Wildeboer Dellelce LLP;

Clients: Apolo III Acquisition Corp; Ruckify Inc.;

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Author: Ambrogio Visconti