Prime Acquisition Corp. PACQU today announced that the Company's Board of Directors, upon the recommendation of the Board's Governance and Nominating Committee, appointed Mr. George Kaufman to serve as a member of the Board. The Board has determined that Mr. Kaufman is "independent" within the meaning of applicable NASDAQ and SEC rules, and has appointed Mr. Kaufman as a member of each of the Audit Committee and the Compensation Committee of the Board, and as the chairman of the Governance and Nominating Committee of the Board, effective immediately.
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