Navios Maritime announces completion of acquisition by N Logistics Holdings

Navios Maritime Holdings and N Logistics Holdings Corporation, NLHC, announced the completion of the transaction contemplated by the previously announced Agreement and Plan of Merger, dated as of October 22, 2023, pursuant to which NLHC acquired all of the outstanding shares of common stock, $0.0001 par value, of the Company not already owned by NLHC for $2.28 per share in cash, without interest. The closing of the Merger follows a special meeting of the Company’s stockholders held on December 13, 2023, at which the Company’s stockholders voted in favor of the proposal to authorize and approve the Merger Agreement, and the transactions contemplated thereby, including the Merger. In connection with the completion of the Merger, the Common Shares will cease to trade on the New York Stock Exchange and will be delisted.