{"id":1653,"date":"2024-01-18T13:37:28","date_gmt":"2024-01-18T18:37:28","guid":{"rendered":"https:\/\/arc-group.com\/dacta-business-combination-dgl-investments\/"},"modified":"2025-01-23T11:58:38","modified_gmt":"2025-01-23T16:58:38","slug":"dacta-business-combination-dgl-investments","status":"publish","type":"post","link":"https:\/\/arc-group.com\/dacta-business-combination-dgl-investments\/","title":{"rendered":"DACTA SG Pte. Ltd announces Business Combination with DGL Investments No. 1 Inc."},"content":{"rendered":"

January 15, 2024<\/strong> \u2013 Alarar Capital Group is proud to act as Sole Advisor to DACTA SG Pte Ltd. \u201cDACTA\u201d) in this proposed arms-length business combination with DGL Investments No. 1 Inc. (“DGL”) (TSXV:DGL.P).<\/p>\n

Overview of DACTA<\/h2>\n

DACTA, established in January 2019 under the Singapore Companies Act, is a cybersecurity company headquartered in Singapore and specializing in end-to-end cybersecurity solutions for enterprises and government entities. DACTA boasts a substantial knowledge base, having deployed, and integrated over 30+ cybersecurity solutions and certifications, servicing more than 200,000 endpoints.<\/p>\n

Summary of the Transaction<\/h2>\n

Aiming to create a seamless business integration, DGL and DACTA have entered into a non-binding Letter of Intent (LOI) dated January 11, 2024, outlining the framework for a transformative business combination resulting in the establishment of a new entity, referred to as the “Resulting Issuer.”<\/strong><\/p>\n

As part of the proposed Transaction:<\/h3>\n
    \n
  1. DGL will consolidate its issued and outstanding securities, reducing its common shares through a “Consolidation” <\/strong><\/li>\n
  2. DACTA may undergo a split of its existing ordinary shares to facilitate the Transaction.<\/li>\n
  3. The Resulting Issuer will issue shares, the “Resulting Issuer Shares,”<\/strong> proportionally to current holders of DACTA ordinary shares, equating to the economic equivalent and voting power of 83,333,333 common shares of the Resulting Issuer.<\/li>\n<\/ol>\n

    The pricing for Resulting Issuer Shares will be determined based on the closing trading price of DGL’s common shares on the TSX Venture Exchange (the “Exchange”) <\/strong>on January 11, 2024, adjusted for the Consolidation. Outstanding stock options, warrants, and other convertible securities of DACTA will be exchanged for equivalent securities of the Resulting Issuer.<\/p>\n

    Upon completion, the Transaction is expected to qualify as DGL’s “Qualifying Transaction”<\/strong> in accordance with Policy 2.4 \u2013 Capital Pool Companies of the TSX Venture Exchange. Concurrently, DACTA plans to conduct a Private Placement of securities, with additional Resulting Issuer Shares issued to acquire shares issued in the Private Placement.<\/p>\n

    Forward Looking Information<\/h2>\n

    This press release contains forward-looking statements regarding DGL’s business, such as the completion of the proposed Transaction. As forward-looking statements inherently involve risks and uncertainties, actual results may differ materially from current expectations.<\/p>\n

    Completion of the Transaction is subject to various conditions, including the execution of a definitive agreement, Exchange acceptance, and, if applicable, majority of the minority shareholder approval. There is no assurance that the Transaction will be completed as proposed or at all.<\/p>\n

    Alarar Capital Group is acting as DACTA\u2019s sole advisor in connection with this transaction<\/em>.<\/em><\/p>\n

    For more information, please contact:<\/h2>\n

    Carlos L\u00f3pez
    \nCOO
    \nCarlos.lopez@arc-group.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    January 15, 2024 \u2013 Alarar Capital Group is proud to act as Sole Advisor to DACTA SG Pte Ltd. \u201cDACTA\u201d) in this proposed arms-length business combination with DGL Investments No. 1 Inc. (“DGL”) (TSXV:DGL.P). Overview of DACTA DACTA, established in January 2019 under the Singapore Companies Act, is a cybersecurity company headquartered in Singapore and specializing […]<\/p>\n","protected":false},"author":3,"featured_media":1654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[20],"tags":[],"news_type":[41],"class_list":["post-1653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","news_type-news"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/posts\/1653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/comments?post=1653"}],"version-history":[{"count":1,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/posts\/1653\/revisions"}],"predecessor-version":[{"id":6131,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/posts\/1653\/revisions\/6131"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/media\/1654"}],"wp:attachment":[{"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/media?parent=1653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/categories?post=1653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/tags?post=1653"},{"taxonomy":"news_type","embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/news_type?post=1653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}