Heidmar and MGO Global: A New Maritime Powerhouse

In a significant move that's set to shake up the maritime industry, Heidmar, Inc. and MGO Global Inc. have successfully completed their business combination, forming Heidmar Maritime Holdings Corporation ("Holdings"). This strategic merger, which was approved by MGO stockholders at a special meeting held on February 14, 2025, creates a powerful new entity with a strong market position and a diverse range of revenue streams.

The combined company, which will trade under the ticker symbol "HMR" on The Nasdaq Capital Market, boasts a market capitalization of approximately $1.1 billion. This valuation is a testament to the potential synergies and growth opportunities that the merger brings to the table. The issuance ratio of 30 MGO shares for every one Holdings ordinary share has resulted in 56,752,633 Holdings Shares being issued at closing, with MGO stockholders receiving 5.66% of the Holdings Shares outstanding after closing, and Heidmar Shareholders receiving 94.34%.

The strategic advantages of this merger are numerous and far-reaching. By combining Heidmar's extensive global network and expertise in commercial and pool management with MGO's portfolio of digitally-native, lifestyle brands, Holdings is well-positioned to capitalize on the growing demand for e-commerce and digital-first brands in the maritime industry. This diversification of revenue streams reduces the company's reliance on a single market or product, making it more resilient to economic downturns and market fluctuations.

Moreover, the combined company's global presence and market access, coupled with its ability to leverage technology and data analytics, enable it to tap into new markets, expand its customer base, and increase its market share. This global reach, combined with MGO's digital capabilities, allows Holdings to better understand and serve its customers, ultimately driving long-term growth and profitability.

The completion of this business combination marks a significant milestone in the year-long effort that MGO and Heidmar embarked upon in early 2024. As Maximiliano Ojeda, Co-Founder, Chairman, and CEO of MGO Global, noted, "We are thrilled that we are moving towards satisfying all of the customary closing conditions with the expectation that this transaction will be completed next week. As a result, we look forward to our fellow MGO stockholders having the opportunity to materially benefit from the anticipated future success of Heidmar."

In conclusion, the successful completion of the business combination between Heidmar and MGO Global has created a new maritime powerhouse with a strong market position, diverse revenue streams, and a global presence. This merger is expected to drive long-term growth and profitability for the combined company, as well as create significant value for its shareholders. As the maritime industry continues to evolve, Holdings is well-positioned to lead the way in innovation and excellence.