PIK - Why Kids Online Clothing Firm Kidpik Shares Are Jumping Premarket Tuesday | Benzinga
Kidpik Corp. (NASDAQ:PIK) shares rocketed premarket Tuesday after it disclosed a definitive merger agreement with Nina Footwear Corp. in an all-stock transaction.
As per the terms, Nina Footwear stockholders will be issued Kidpik’s common shares, such that upon closing, its stockholders will own 80% of Kidpik’s outstanding common shares.
Notably, Kidpik is controlled by Mr. Ezra Dabah, the Chief Executive Officer, Chairman, and majority shareholder (67% beneficial owner) of Kidpik, who is also the Chief Executive Officer of ...