|Bid||0.0000 x 2200|
|Ask||0.0000 x 1100|
|Day's Range||0.1502 - 0.3300|
|52 Week Range||0.0301 - 0.6000|
|Beta (3Y Monthly)||3.56|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 19, 2019 - Aug 23, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.68|
TASE: FCRE “FC Global”) today announced that it has completed its first stage of integration between FC Global and Gadsden’s operation after previously closing a Stock Purchase Agreement in April. FC Global has now acquired all of the general partnership interests and Class A limited partnership interests in Gadsden’s operating partnership Gadsden Growth Properties, L.P. “We are pleased that we have been able to bring this unique opportunity to fruition, which is a vital step in continuing our strategic real estate investment strategy,” stated John E. Hartman, Chief Executive Officer of Gadsden Growth Properties, Inc. and FC Global Realty Incorporated, “We believe combining these two companies will create a more integrated investment vehicle to acquire and manage real estate assets concentrated in the retail and mixed-use sectors across the United States.
TASE: FCRE “FC Global”) and Gadsden Growth Properties, Inc. (a privately-held real estate corporation, “Gadsden”) today announced they have signed a definitive agreement (“Merger Agreement”) to combine their two companies. Once the merger is complete, the resulting company will be a publicly traded real estate investment trust (REIT) that is estimated to have more than $175 million in gross assets of real estate investments and shareholder equity of more than $100 million. Gadsden shareholders will own approximately 94% of the FC Global outstanding shares, on a fully diluted basis, if all certain scheduled real estate acquisition opportunities of Gadsden are completed, subject to adjustments as provided in the Merger Agreement.