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Friday, March 17, 2023

Equity Corporate Actions Alert #2023 - 166
Information Regarding the Business Combination of GX Acquisition Corp. II (GXII/W/U) and NioCorp Developments Ltd.

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  • Industry Announcement

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The business combination of GX Acquisition Corp. II (GXII/W/U) and NioCorp Developments Ltd. became effective today Friday, March 17, 2023. As a result of the business combination, the Class A Ordinary Shares, Warrant, and Unit of GX Acquisition Corp. II (GXII/U/W) will be suspended from trading. The suspension details are as follows:

Company Name/Issue: GX Acquisition Corp. II Class A Common Stock
CUSIP#: 36260F105
Symbol: GXII
Last Trading Date: March 17, 2023
Marketplace Effective Date for Suspension: March 20, 2023
Merger Consideration: 1.118 shares (post-split) of NioCorp Developments Ltd. Common Stock (NB) for each share held.
Company Name/Issue: GX Acquisition Corp. II Warrant
CUSIP#: 36260F113
Symbol: GXIIW
Last Trading Date: March 17, 2023
Marketplace Effective Date for Suspension: March 20, 2023
Merger Consideration: One (1) NioCorp Developments Ltd. Warrant expiring 3/17/2028 (NIOBW) for each warrant held.
Company Name/Issue: GX Acquisition Corp. II Unit
CUSIP#: 36260F204
Symbol: GXIIU
Last Trading Date: March 17, 2023
Marketplace Effective Date for Suspension: March 20, 2023
Merger Consideration: Unit will separate into its components.

As a result of the merger, the combined company's common stock will be listed on the Nasdaq Global Market and the warrants om the Nasdaq Capital Market beginning on Tuesday, March 21, 2023 in conjunction with the listing on the Toronto Stock Exchange . The details are as follows:

Company Name/Issue: NioCorp Developments Ltd. Common Stock
CUSIP#: 654484609
Symbol: NB
Marketplace Effective Date: March 21, 2023

Company Name/Issue: NioCorp Developments Ltd. Warrant expiring 3/17/2028
CUSIP#: 654484153
Symbol: NIOBW
Marketplace Effective Date: March 21, 2023

If you would like to register as a market maker in NB or NIOBW, contact Nasdaq Trading Services at +1 212 231 5100.


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