385 shares of AFIN common stock for each share of RCA common stock owned.
1m to AFIN if RCA terminates the merger agreement in favor of a superior proposal that arises on or before the date that is fifteen days following the end of the go-shop period, plus expense reimbursement up to USD 5m.
In the event that AFIN or RCA terminates the merger agreement under specified circumstances on the date that is on or after the sixteenth day following the end of the go-shop period, RCA or AFIN, as applicable, will pay a termination fee of USD 25.
The completion of the transaction is subject to the approval of RCA and AFIN shareholders as well as satisfaction of customary closing conditions.
The combined company will retain the AFIN name and continue to be led by AFIN's management team, with the addition of Kase Abusharkh from RCA, who will serve as AFIN's chief investment officer of the multi-tenant portfolio.
The combination of AFIN and RCA will help the Company achieve critical scale, afford improved access to capital markets, result in significant cost savings for shareholders, and increase coverage of our distributions.
Gong, Lead Independent Director of AFIN, added, "The board of directors of AFIN formed the special committee, which consists of the independent members of the board, to evaluate potential strategic transactions.