Termination of Potential Acquisition
GS Chain PLC has announced the mutual termination of its proposed acquisition of GMM Acquisition Corp, Inc, which was initially announced on 17 February 2026. As a result, the company will apply to the FCA to lift the temporary suspension of its ordinary shares on the Official List and trading on the London Stock Exchange's Main Market. The directors will continue to seek an alternative acquisition opportunity within the technology sector, focusing on areas such as automotive, fintech, real estate, banking, finance, telecommunications, and blockchain.
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GS Chain Plc, a UK company admitted to the Equity Shares (Shell Companies) category of the Official List of the Financial Conduct Authority (the "Official List") and to the main market of the London Stock Exchange ("Main Market"), announces that the proposed acquisition of GMM Acquisition Corp, Inc ("GMM") that was previously announced on 17 February 2026 ("Potential Acquisition") has been terminated by mutual agreement of the respective boards and management of the Company and GMM.
As the Proposed Acquisition is not proceeding, the Company will be making an application to the FCA to lift the temporary suspension and restore the listing of its ordinary shares of £0.000167 each on the Official List and to trading on the Main Market of the London Stock Exchange and will update the market accordingly.
Strategy
GS Chain was initially formed for the purpose of acquiring an interest in an operating company or business within the technology sector. The Company's initial areas of focus include businesses leveraging advanced technology in the automotive, fintech, real estate, banking, finance, telecommunications and blockchain industries, although the Board may consider opportunities in other sectors where it believes they would be suitable for the Company.
The directors of the Company will therefore continue to focus on identifying and completing an alternative acquisition that supports its strategy and has the potential to deliver long-term value for its shareholders.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.