ZAIS Group Holdings Inc. completed its going-private merger with ZGH Merger Sub Inc. and became a subsidiary of Z Acquisition LLC.
ZAIS Group Holdings Chairman and Chief Investment Officer Christian Zugel is the sole managing member of Z Acquisition.
Each class A common share of the company was converted into the right to receive $4.10 in cash. Also, each restricted stock unit in respect of class A common shares was converted into the right to receive the cash consideration multiplied by the number of shares underlying the restricted stock unit.
The company has also notified Nasdaq that it is commencing the process of delisting and deregistering the common shares.