The Great American Food Chain, Inc. Announces Execution of Memorandum of Understanding
The Great American Food Chain (OTC: GAMN) announced on January 16, 2026 that it executed a non-binding Memorandum of Understanding (MOU) with Green Matter BioTech to pursue a potential business combination.
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Rhea-AI Summary
The Great American Food Chain (OTC: GAMN) announced on January 16, 2026 that it executed a non-binding Memorandum of Understanding (MOU) with Green Matter BioTech to pursue a potential business combination. The MOU reflects mutual intent to continue discussions and perform customary due diligence.
Any transaction remains subject to negotiation of definitive agreements, completion of due diligence, required approvals, and other customary closing conditions; there is no assurance a definitive agreement will be reached. The company said it will not provide further details unless a definitive agreement is executed or disclosure is required by securities laws.
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News Market Reaction – GAMN
The recorded move for GAMN in the trading session of this news was -15.19%.
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The Great American Food Chain, Inc. Announces Execution of Memorandum of Understanding with Green Matter BioTech
DALLAS, Jan. 16, 2026 (GLOBE NEWSWIRE) -- The Great American Food Chain, Inc. (OTC: GAMN) (“GAMN” or the “Company”) announced today that it has executed a Memorandum of Understanding (“MOU”) with Green Matter BioTech, Inc. (“Green Matter”) outlining the parties’ mutual intent to pursue a potential business combination transaction.
The MOU is non-binding and reflects the parties’ current intent to continue discussions and conduct customary due diligence. Any proposed transaction remains subject to the negotiation and execution of definitive agreements, completion of due diligence, receipt of any required approvals, and satisfaction of other customary closing conditions. There can be no assurance that a definitive agreement will be entered into or that any transaction will be completed.
The Company does not intend to disclose additional details regarding the proposed transaction unless and until a definitive agreement is executed or further disclosure is required under applicable securities laws.
About The Great American Food Chain, Inc.
The Great American Food Chain, Inc. is a publicly traded company focused on strategic growth initiatives and acquisitions within the food, agriculture, and related sectors.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. The Company undertakes no obligation to update any forward-looking statements except as required by law.
CONTACT: Investor Relations The Great American Food Chain, Inc. esigmond@aol.com
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