Midwest Holding Inc. To Be Acquired By Antarctica Capital For $27.00 Per Share

Provided By PR Newswire

Last update: May 1, 2023

All-Cash Transaction Values Midwest at Approximately $100 Million, Representing a 97% Premium

LINCOLN, Neb. and NEW YORK, May 1, 2023 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ: MDWT), a technology-driven life and annuity platform, and Antarctica Capital ("Antarctica"), an international investment firm, today announced they have entered into a definitive merger agreement whereby an affiliate of Antarctica will acquire Midwest in an all-cash transaction valued at approximately $100 million.