Protect Pharmaceutical Corp. (PRTT) has successfully finalized its merger with KARINCA Logistics, enhancing its operations with a comprehensive network of logistics capabilities spanning Europe and Asia. This strategic merger brings a significant number of valuable routes and sales opportunities to PRTT. The merger was completed through the issuance of 1,000,000 additional Preferred Shares, which have enhanced voting rights but do not dilute common shares. PRTT’s CEO, Ozgur Ozcan, emphasized the importance of the merger as part of the company’s ongoing strategy, including the completion of a PCAOB audit and the filing of a FORM 10 registration statement to resume reporting with the SEC and uplisting to an exchange. Both Atlantic Logistics and KARINCA Logistics are poised to significantly benefit from this merger, with new revenue streams expected shortly. Atlantic Logistics utilizes advanced technology in its operations, ensuring robust and efficient service delivery around the globe.
Pharmaceuticals, Logistics and Transportation,Turkey, Global
https://www.globenewswire.com/news-release/2024/08/28/2937055/0/en/Protect-Pharmaceutical-Corp-PRTT-Finalizes-the-Merger-with-KARINCA-Logistics.html