STOCK TITAN

Cap Holding may gain control of Forafric Maroc SA in AFRI filing

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Forafric Global PLC is pursuing a strategic transaction under which Moroccan industrial group Cap Holding SA may obtain a controlling interest in Forafric Maroc SA, an indirect subsidiary. The deal has been submitted to the Moroccan antitrust commission and remains subject to board approval, antitrust clearance and other conditions, with no assurance it will close.

At the same time, Johann Elbaz, currently Deputy CEO of Forafric Maroc SA, is joining the board of directors, replacing Paul Packer. Elbaz brings 18 years of experience in marketing, strategy and business development, including prior roles at Publicis, DDB and Smart Equity.

Positive

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Negative

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Insights

Forafric outlines a possible change in a key subsidiary’s control and refreshes its board.

The disclosure centers on a proposed deal where Cap Holding SA could gain a controlling stake in Forafric Maroc SA. This suggests a potential shift in how a major operating subsidiary is controlled, but no transaction value, structure, or timing is provided.

The transaction is expressly contingent on board approval, Moroccan antitrust clearance, and other conditions, and may not be completed. Concurrently, adding Johann Elbaz to the board aligns governance with local operational leadership at Forafric Maroc SA. Future company filings may clarify whether the deal proceeds and how subsidiary governance evolves.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of March 2026

 

Commission File Number: 001-41416

 

Forafric Global PLC

 

Unit 5.3, Madison Building, Midtown

Queensway, Gibraltar GX11 1AA

011 350 20072505

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒ Form 40-F ☐

 

This Form 6-K and the exhibits attached hereto are hereby incorporated by reference into all effective registration statements filed by the registrant under the Securities Act of 1933.

 

 

 

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

As part of its previously reported strategy to increase shareholder value, Forafric Global PLC (the “Company”) today announced that it submitted to the Moroccan antitrust commission a proposed transaction with Cap Holding SA (“Cap Holding”), a Moroccan industrial group, for regulatory approval. In the proposed transaction, Cap Holding may obtain a controlling interest in Forafric Maroc SA, an indirect subsidiary of the Company. The transaction remains subject to the satisfaction of certain conditions, including approval by the Company’s board of directors, antitrust approval and other conditions. No assurances can be given that the transaction will be consummated or as to the timeframe for such consummation.

 

Concurrently, the Company announced that Johann Elbaz is joining the Company’s board of directors replacing Paul Packer as a director on the board. Johann Elbaz has 18 years experience in marketing, strategy and business development. He joined Forafric in 2018 and is currently Deputy CEO of Forafric Moroc SA. He previously served as Director of Research, Development, and Innovation and as Marketing Director, contributing to the company’s strategic development and brand positioning. Prior to joining the Company, Mr. Elbaz worked in advertising and investment sectors with Publicis, DDB and Smart Equity. He studied Economics and Management at Paris XII University and holds a business degree in International Commerce and Communication from ESGCI as well as a master’s degree in communication from ESG.

 

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

 

Statements in this report with respect to the Company’s current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of the Company. Forward-looking statements include, but are not limited to, those statements using words such as “believe,” “expect,” “plans,” “strategy,” “prospects,” “proposed,” “potential,” “estimate,” “anticipate,” “aim,” “intend,” “seek,” “may,” “might,” “could” or “should,” and words of similar meaning in connection with a discussion of future operations, financial performance, events or conditions. From time to time, oral or written forward-looking statements may also be included in other materials released to the public. These statements are based on management’s assumptions, judgments and beliefs in light of the information currently available to it. The Company cautions investors that a number of important risks and uncertainties could cause actual results to differ materially from those discussed in the forward-looking statements, including but not limited to, the Company’s ability to implement its strategy; the Company’s ability to successfully complete the transaction referenced in this report; product and service demand and acceptance; changes in technology; economic conditions; the impact of competition and pricing; government regulation; and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission. Therefore, investors should not place undue reliance on such forward-looking statements. Actual results may differ significantly from those set forth in the forward-looking statements.

 

All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Forafric Global PLC
     
Date: March 9, 2026 By: /s/ Julien Benitah
  Name:  Julien Benitah
  Title:

Chief Financial Officer

 

 

 

FAQ

What transaction did Forafric Global PLC (AFRI) disclose in its March 2026 6-K?

Forafric Global PLC disclosed a proposed transaction in which Cap Holding SA may obtain a controlling interest in Forafric Maroc SA, an indirect subsidiary. The deal has been submitted to the Moroccan antitrust commission and remains subject to board approval, antitrust clearance and other customary conditions.

Is the Cap Holding SA transaction for Forafric Maroc SA (AFRI) guaranteed to close?

The transaction is not guaranteed to close. Forafric states it is subject to multiple conditions, including board approval, antitrust approval and other requirements, and specifically notes that no assurances can be given about completion or the timeframe for any possible consummation.

Who is joining the Forafric Global PLC (AFRI) board of directors in this 6-K?

Forafric Global PLC announced that Johann Elbaz is joining its board of directors, replacing Paul Packer. Elbaz is Deputy CEO of Forafric Maroc SA and has 18 years of experience in marketing, strategy and business development, including prior roles at Publicis, DDB and Smart Equity.

What is Cap Holding SA’s role in relation to Forafric Global PLC (AFRI)?

Cap Holding SA is described as a Moroccan industrial group that may obtain a controlling interest in Forafric Maroc SA, an indirect subsidiary of Forafric Global PLC. The company has submitted this proposed transaction to the Moroccan antitrust commission for regulatory review and approval.

What risks does Forafric Global PLC (AFRI) highlight around its forward-looking statements?

Forafric highlights that forward-looking statements involve risks and uncertainties, including its ability to implement strategy, complete the referenced transaction, product and service demand, technology changes, competition, pricing, economic conditions, government regulation, and other risks described in its U.S. Securities and Exchange Commission reports.
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