Heidmar Maritime Holdings Corp. to Begin Trading on Nasdaq Under Ticker "HMR" on February 20, 2025

Heidmar Maritime Holdings Corp. will begin trading on Nasdaq under "HMR" following the successful business combination with MGO Global.

Quiver AI Summary

Heidmar, Inc. and MGO Global Inc. announced the successful completion of their business combination, resulting in both companies becoming wholly owned subsidiaries of Heidmar Maritime Holdings Corp. This new entity will begin trading on the Nasdaq Capital Market under the ticker symbol "HMR" starting February 20, 2025. The CEO of Holdings, Pankaj Khanna, expressed gratitude for the collaborative efforts that led to the completion of the transaction, viewing it as a significant step toward achieving new standards of excellence in the industry and creating value for stakeholders. Heidmar has been in operation for 40 years, providing commercial and pool management services in the maritime sector, while MGO focuses on building a portfolio of digitally native lifestyle brands.

Potential Positives

• Heidmar will begin trading on The Nasdaq Capital Market under the ticker symbol "HMR," marking a significant milestone for the company and enhancing its visibility in the financial markets.
• The successful completion of the business combination enhances the operational capabilities of both Heidmar and MGO, positioning them for future growth and improved stakeholder value.
• The press release highlights the commitment to delivering new standards of excellence within the maritime industry, which may attract further investment and partnerships.

Potential Negatives

• The announcement of the business combination carries inherent risks and uncertainties, which could adversely affect the price of MGO's securities if the transaction is not completed in a timely manner, or at all.
• Forward-looking statements in the press release indicate potential difficulties in realizing the anticipated benefits of the business combination due to competition and operational disruptions.
• There is a significant risk related to the inability to maintain the listing of Holdings' ordinary shares on Nasdaq following the completion of the transaction, which could impact investor confidence.

FAQ

What is the new ticker symbol for Heidmar?

Heidmar will commence trading under the ticker symbol “HMR” on The Nasdaq Capital Market starting February 20, 2025.

When will Heidmar start trading on Nasdaq?

Heidmar will begin trading on The Nasdaq Capital Market on February 20, 2025.

What companies are involved in the business combination?

The business combination involves MGO Global Inc. and Heidmar, Inc., both becoming wholly owned subsidiaries of Heidmar Maritime Holdings Corp.

Who are the financial advisors for the merger?

Maxim Group LLC is the financial advisor to MGO, while Seaborne Capital Advisors is the advisor to Heidmar.

What are the main services offered by Heidmar?

Heidmar offers commercial and pool management services for the crude oil, refined petroleum products, and dry bulk shipping sectors.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$MGOL Hedge Fund Activity

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Full Release

Heidmar to Commence Trading Under Ticker “HMR” on






The Nasdaq Capital Market Tomorrow Morning, February 20, 2025

MIAMI - LONDON, U.K. - ATHENS, Greece , Feb. 19, 2025 (GLOBE NEWSWIRE) --



MGO Global Inc.

(Nasdaq: MGOL), a digitally-native, lifestyle brand portfolio company, (“MGO,” "MGO Global” or the “Company”), and

Heidmar, Inc.

, a global commercial and pool management business serving the drybulk, crude oil and refined petroleum product tanker market ("Heidmar"), today jointly announced the successful completion of the business combination (the “Business Combination”), resulting in each of MGO and Heidmar becoming wholly owned subsidiaries of Heidmar Maritime Holdings Corp. (“Holdings”). Holdings will commence trading on The Nasdaq Capital Market tomorrow morning, February 20, 2025, under the ticker symbol “HMR”.

Commenting on the closing of the transaction, Pankaj Khanna, Chief Executive Officer of Holdings, noted, “First we’d like to acknowledge and thank the teams of people who worked diligently and collaboratively around the clock to successfully close this Business Combination. Our resulting new Nasdaq listing under ticker ‘HMR’ represents a vital step forward on what we believe will be a transformative path for Heidmar, positioning our Company to deliver new and enduring value to all of our stakeholders while empowering us to set entirely new standards of excellence for our industry.”

Advisors

Maxim Group LLC is serving as the exclusive financial advisor to MGO in connection with the Merger and Seaborne Capital Advisors is serving as exclusive financial advisor to Heidmar. Sichenzia Ross Ference Carmel, LLP is serving as legal counsel to MGO and Seward & Kissel LLP is serving as legal counsel to Heidmar and Holdings.

About Heidmar, Inc.

Celebrating its 40

^th

anniversary in 2024, Heidmar is an Athens based, first-class commercial and pool management business servicing the crude and product tanker market and is committed to safety, performance, relationships and transparency. With operations in Athens, London, Singapore, Chennai, Hong Kong and Dubai, Heidmar has a reputation as a reliable and responsible partner with a goal of maximizing our customers' profitability. Heidmar seeks to offer vessel owners a "one stop" solution for all maritime services in the crude oil, refined petroleum products and dry bulk shipping sectors. Heidmar believes its unique business model and extensive experience in the maritime industry allows the Company to achieve premier market coverage and utilization, as well as provide customers in the sector with seamless commercial transportation services. For more information, please visit

www.heidmar.com

.

About MGO Global Inc.

MGO Global is actively engaged in building a portfolio of independent, digitally native, lifestyle brands, which are unique and differentiated, yet all defined by distinctive, high-quality products and a shared commitment to delivering high-touch customer experiences across its ecommerce and wholesale channels. MGO is currently comprised of two business units: Americana Liberty, which markets a growing, high-end line of thoughtfully curated home and outdoor products, including

Stand Flagpoles

; and MGO Digital, which leverages data analytics, advanced technology-enabled marketing and our leadership's industry relationships and expertise to identify, incubate and introduce to market new, authentic lifestyle brand concepts. For more information on MGO, please visit

www.mgoglobalinc.com

.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to the transaction between Holdings, MGO and Heidmar. All statements other than statements of historical facts contained in this press release, including statements regarding Holdings', MGO Global's or Heidmar's future results of operations and financial position, Holdings', MGO's and Heidmar's business strategy, prospective costs, timing and likelihood of success, plans and objectives of management for future operations, future results of current and anticipated operations of Holdings, MGO and Heidmar, and the expected value of the combined company after the transactions, are forward-looking statements. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including, but not limited to, the following risks relating to the proposed transaction: the occurrence of any event, change or other circumstances that could give rise to the termination of the transaction agreement; the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of MGO's securities; the occurrence of any event, change or other circumstances that could give rise to the termination of the transaction agreement; the inability to complete the transactions contemplated by the transaction agreement, including due to failure to obtain approval of the shareholders of MGO or other conditions to closing in the transaction agreement; the inability to obtain or maintain the listing of Holdings ordinary shares on Nasdaq following the transaction; the risk that the transactions disrupt current plans and operations of MGO as a result of the announcement and consummation of the transactions; the ability to recognize the anticipated benefits of the transactions, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth economically and hire and retain key employees; costs related to the transactions; changes in applicable laws or regulations; the possibility that Holdings, Heidmar or MGO may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties to be identified in the proxy statement/prospectus (when available) relating to the transactions, including those under "Risk Factors" therein, and in other filings with the SEC made by Holdings and MGO. Moreover, Holdings, Heidmar and MGO operate in very competitive and rapidly changing environments. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and some of which are beyond Holdings', Heidmar's and MGO's control, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and except as required by law, Holdings, Heidmar and MGO assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. None of Holdings, Heidmar or MGO gives any assurance that either Heidmar or MGO or Holdings will achieve its expectations.

CONTACT INFORMATION:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.