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Tuesday, November 29, 2022

Equity Corporate Actions Alert #2022 - 379
(UPDATED: Revision to Anticipated Last Trading Date) Information Regarding the Anticipated Redemption of Glenfarne Merger Corp. (GGMC/W/U)

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  • Industry Announcement

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On December 12, 2022, shareholders of Glenfarne Merger Corp. (GGMC/W/U) will meet to vote to redeem the company's public shares and not consummate a business combination. If approved, the redemption will be effective as of the close of business on December 16, 2022 and the public shares will be deemed cancelled and will represent only the right to receive the Redemption Amount. The details are as follows:

Company Name & Issue Type: Glenfarne Merger Corp. Class A Common Stock
CUSIP#: 378579106
Symbol: GGMC
Anticipated Last Trading Date: December 16, 2022
Anticipated Marketplace Effective Date for Suspension: December 19, 2022
Redemption rate: Approximately $10.10 per Class A Common Stock
Company Name & Issue Type: Glenfarne Merger Corp. Warrant
CUSIP#: 378579114
Symbol: GGMCW
Anticipated Last Trading Date: December 16, 2022
Anticipated Marketplace Effective Date for Suspension: December 19, 2022
Redemption rate: There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless.
Company Name & Issue Type: Glenfarne Merger Corp. Unit
CUSIP#: 378579205
Symbol: GGMCU
Anticipated Last Trading Date: December 16, 2022
Anticipated Marketplace Effective Date for Suspension: December 19, 2022
Redemption rate: Approximately $10.10 per Class A Common Stock

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