MGO Global (MGOL) and Heidmar Announce Form F-4 Registration Statement for Proposed Business Combination Has Been Declared Effective by SEC

MGO Global Inc. (Nasdaq: MGOL), a digitally-native, lifestyle brand portfolio company, (“MGO,” "MGO Global” or the “Company”), and Heidmar, Inc., a global commercial and pool management business serving the drybulk, crude oil and refined petroleum product tanker market ("Heidmar") via an asset light business model, today jointly announced that on February 4, 2025, the U.S. Securities and Exchange Commission (“SEC”) declared effective the registration statement (the “Registration Statement”) on Form F-4 (Registration No. 333-284004) of Heidmar Maritime Holdings Corp. ("Pubco") filed with the SEC in connection with the previously announced business combination of MGO Global and Heidmar. The Registration Statement is available through the SEC’s website found at www.sec.gov.

MGO’s board of directors unanimously recommends that MGO stockholders vote “FOR” all of the proposals to be voted upon at the special meeting, including approval of the proposed business combination and definitive agreement.

MGO will hold its Special General Meeting of Stockholders (the “Special Meeting”) via a virtual meeting to vote on the approval and adoption of the business combination on February 14, 2025 at 11:00 a.m. Eastern Time. MGO stockholders may attend the Special Meeting via a live interactive webcast at www.virtualshareholdermeeting.com/MGOL2025SM; those interested in attending the virtual meeting will require the 16-digit meeting control number that will be printed on a proxy card accompanying a copy of the definitive proxy statement, which will be mailed to stockholders on or about February 4, 2025. MGO shareholders of record as of the close of business on December 18, 2024 are entitled to attend and vote at the Special Meeting. The business combination is expected to close shortly after shareholder approval at the Special Meeting, subject to the satisfaction of customary closing conditions.

Upon closing of the transaction contemplated by the business combination agreement, which is subject to approval by the stockholders of MGO, the parent of the combined companies will be PubCo. Following the closing, PubCo expects its ordinary shares to be listed for trading on the Nasdaq Capital Market under the symbol “HMAR.”

MGO stockholders who need assistance in completing the proxy card, need additional copies of the proxy materials or have questions regarding the special meeting may contact MGO’s proxy solicitor, Alliance Advisors, LLC, by calling toll-free at 833-215-7311.

Advisors

Maxim Group LLC is serving as the exclusive financial advisor to MGO in connection with the Merger and Seaborne Capital Advisors is serving as exclusive financial advisor to Heidmar. Sichenzia Ross Ference Carmel, LLP is serving as legal counsel to MGO and Seward & Kissel LLP is serving as legal counsel to Heidmar.

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