STOCK TITAN

Forafric proposes acquisition of 100% of AL NASR

The proposed related-party acquisition remains subject to due diligence, definitive agreements, further Board approval and any required regulatory approvals.

(Moderate)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
6-K

Rhea-AI Filing Summary

Forafric Global PLC (AFRI) announced a letter of intent to acquire 100% of AL NASR Industries & Systems’ share capital. AL NASR is a recently established Moroccan industrial platform focused on defense. Its portfolio includes minority stakes in two companies developing defense-product manufacturing plants; both companies have licenses under Moroccan Law No. 10-20.

Expected closing is Q4 2026. The proposed acquisition is a related-party transaction because AL NASR and Forafric are controlled by the same ultimate beneficial owner. Completion remains subject to due diligence, definitive agreements, further Board approval based on final terms, and any required regulatory approvals and authorizations.

Share capital proposed for acquisition 100% AL NASR Industries & Systems
Companies developing manufacturing plants 2 companies AL NASR’s portfolio includes minority stakes in these companies
Expected closing Q4 2026 Proposed AL NASR acquisition
letter of intent financial
"execution of a letter of intent"
A letter of intent is a document that shows an agreement in principle between parties to work towards a future deal or transaction. It outlines their intentions and key terms, acting like a roadmap before a formal contract is signed. For investors, it signals serious interest and helps clarify expectations early in the process.
due diligence financial
"subject to, among other factors, the completion of due diligence"
Due diligence is the careful investigation and analysis someone conducts before making a decision, such as investing money or entering into an agreement. It’s like researching thoroughly before buying a used car to ensure it’s in good condition; this helps prevent surprises and makes informed choices. For investors, due diligence reduces risk by verifying details and understanding what they’re getting into.
definitive agreements financial
"negotiation and execution of definitive agreements"
Definitive agreements are the final, legally binding contracts that set the exact terms of a corporate deal—such as a merger, acquisition, asset sale, or major financing. They matter to investors because signing them turns rough plans into concrete obligations that determine price, timing, required approvals and what happens if the deal falls through; think of them as the signed purchase contract in a house sale that makes the deal official and enforceable.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is Forafric Global (AFRI) proposing to acquire?

Forafric announced a letter of intent to acquire 100% of AL NASR Industries & Systems’ share capital.

When is Forafric Global (AFRI) expected to close the AL NASR acquisition?

Expected closing is Q4 2026. Completion remains subject to due diligence, definitive agreements, further Board approval based on final terms, and any required regulatory approvals and authorizations.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates

 

 

 

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 October 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 ☐

 

 

 

 

 

 

Exhibit Index

 

99.1 Press Release, dated October 7, 2026

 

 

 

 

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: October 7, 2026 By: /s/ Julien Benitah
  Name: Julien Benitah
  Title: Chief Financial Officer

 

 

 

 

Exhibit 99.1

 

Forafric Global Announces Letter of Intent to Acquire AL NASR, Establishing the Group’s Defense Pillar

 

Proposed acquisition would position AL NASR as Forafric Global’s industrial defense platform

 

Gibraltar – October 7, 2026 – Forafric Global PLC (Nasdaq: AFRI) (“Forafric” or the “Company”) today announced the execution of a letter of intent (“LOI”) for the acquisition of 100% of AL NASR Industries & Systems (“ALIS” or “AL NASR”).

 

AL NASR is a recently established industrial platform in Morocco, dedicated to developing projects in the defense sector. Its portfolio includes minority stakes in two companies that are developing two defense product manufacturing plants in Morocco. Both companies have been granted a license under Moroccan Law No. 10-20, which permits operating in this highly regulated sector.

 

A compelling strategic opportunity

 

The proposed acquisition, when completed, would mark a significant step in Forafric Global’s strategy. It would enable the Company to position itself in a strategic industrial sector, in alignment with Morocco’s efforts to develop a national defense industry.

 

Proposed transaction terms and next steps

 

  ● Scope: Acquisition of 100% of the share capital of AL NASR.
  ● Expected closing: Q4 2026.

 

AL NASR is controlled by the same ultimate beneficial owner as Forafric Global. The proposed acquisition therefore constitutes a related party transaction.

 

Completion of the transaction remains subject to, among other factors, the completion of due diligence, the negotiation and execution of definitive agreements, and additional approval by the Company’s Board of Directors based of the final terms. It is also subject to the receipt of any required regulatory approvals and authorizations. There can be no assurance that negotiations will result in a definitive agreement or that the proposed transaction will be completed.

 

About Forafric Global PLC

 

Forafric Global PLC (Nasdaq: AFRI) is a company in strategic transition, expanding from its food security roots into Defense and Energy. Following the divestment of a majority stake in its historical Moroccan food business, the Company is refocusing its strategy on Defense. In this sector, it is building a portfolio of projects through investments and partnerships, with the objective of progressively moving from minority to majority positions. Forafric continues to operate in Food Security through its West African operations and is developing selected opportunities in Energy. The Company is committed to disciplined capital allocation and long-term shareholder value.

 

 

 

 

Forward-Looking Statements

 

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate,” “propose,” “potential,” “believe,” “expect,” “estimate,” “plan,” “intend,” “will,” “would,” “could,” “should,” “may,” “target” and similar expressions, and include statements regarding the potential acquisition of AL NASR and the timing, terms, conditions and completion of the transaction, the Company’s ongoing strategic refocus, including its plans to pursue opportunities and partnerships in the defense sector and its aim to position itself as a platform for advanced defense and security technologies, and the Company’s future growth and business strategy.

 

These forward-looking statements are based on the Company’s current expectations and assumptions and are subject to a number of known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control, that could cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. These factors include, among others: the Company’s ability to successfully implement its strategic expansion plan and to develop complementary platforms across defense, energy and food security verticals; the failure to realize the anticipated strategic and financial benefits of anticipated or completed transactions, including the recently completed sale of a controlling interest in Forafric Maroc SA and potential acquisitions of AL NASR and Millcorp Geneva SA; the failure to consummate anticipated or future transactions on favorable terms or at all; changes in commodity prices, foreign currency exchange rates (including the U.S. dollar/Moroccan dirham rate) and interest rates; political, economic, regulatory and tax developments in Morocco, Gibraltar, Switzerland and other jurisdictions in which the Company operates; competitive dynamics in the industries in which the Company operates; the Company’s ability to manage its capital structure and liquidity; and the other risks and uncertainties described in the Company’s filings with the U.S. Securities and Exchange Commission, including its most recent Annual Report on Form 20-F and subsequent Reports on Form 6-K.

 

Forward-looking statements speak only as of the date they are made. Except as required by applicable law, the Company undertakes no obligation to update or revise publicly any forward-looking statement, whether as a result of new information, future events, changes in assumptions or otherwise. Readers are cautioned not to place undue reliance on any forward-looking statement.

 

Company Contact:

 

Hayden IR

Brett Maas

Office: 646-536-7331

Brett@haydenir.com

 

 

 

Filing Exhibits & Attachments

1 document

Keep reading