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Atlantic Acquisition to buy 400,000 of its shares from Polar Multi-Strategy

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Atlantic Acquisition to buy 400,000 of its shares from Polar Multi-Strategy

Atlantic Acquisition Corp. agreed to purchase 400,000 of its common shares from Polar Multi-Strategy Master Fund, with the transaction to occur 10 days after the closing of Atlantic's proposed merger with HF Group Holding Corp.

Under the terms of an Aug. 8 agreement, Atlantic will pay about $4.1 million to buy the shares and issue 10,000 restricted shares of its common stock to Polar Multi-Strategy.