The Great American Food Chain, Inc. Announces Execution of Memorandum of Understanding

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.

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 

FAQ

What did GAMN announce on January 16, 2026 regarding Green Matter BioTech?

GAMN announced it executed a non-binding MOU with Green Matter BioTech to pursue a potential business combination and further due diligence.

Is the MOU between GAMN and Green Matter BioTech binding?

No. The MOU is described as non-binding and expresses the parties' current intent to continue discussions.

Will GAMN disclose transaction terms or financial details about the proposed combination?

The company said it does not intend to disclose additional details unless a definitive agreement is executed or disclosure is required by securities laws.

What conditions must be met before a GAMN and Green Matter BioTech transaction can close?

The transaction would require negotiation of definitive agreements, completion of due diligence, receipt of required approvals, and satisfaction of customary closing conditions.

Does the MOU guarantee GAMN shareholders that a deal will occur?

No. The announcement explicitly states there is no assurance that a definitive agreement will be entered into or that any transaction will be completed.