Reverse takeover

SOL Global Announces Closing of Portfolio Company Bluma Wellness Inc.’s Reverse Takeover Transaction

Retrieved on: 
Friday, June 12, 2020
Alternative medicine, Professional services, Health, Small business, Agriculture, Natural Resources, Finance, Money, Finance, Economy, Equity securities, Options, Corporate finance, Warrant, Reverse takeover, Sol, IOU, Bluma

SOL Global Investments Corp. ("SOL Global" or the "Company") (CSE: SOL) (OTCPK: SOLCF) (Frankfurt: 9SB) is pleased to announce the closing of the previously announced reverse takeover transaction (the RTO) involving its portfolio company, CannCure Investments Inc. (CannCure).

Key Points: 
  • SOL Global Investments Corp. ("SOL Global" or the "Company") (CSE: SOL) (OTCPK: SOLCF) (Frankfurt: 9SB) is pleased to announce the closing of the previously announced reverse takeover transaction (the RTO) involving its portfolio company, CannCure Investments Inc. (CannCure).
  • In connection with the closing of the RTO, SOL Global received an aggregate of 16,067,269 Bluma Shares and 6,450,000 warrants, with each such warrant exercisable to purchase one (1) Bluma Share (the Bluma Warrants).
  • The Bluma Warrants issued to SOL Global are subject to an exercise restriction that prevents SOL Global from exercising such number of Bluma Warrants that would result in SOL Global beneficially owning, or having control or direction over 20% or more of the issued and outstanding Bluma Shares, on a post-conversion basis.
  • About SOL Global Investments Corp.:
    SOL Global is a diversified investment and private equity holding company engaged in the small and mid-cap sectors.

Bluma Wellness Inc. Announces Closing of Reverse Takeover Transaction

Retrieved on: 
Thursday, June 11, 2020
Pharmaceutical, Alternative medicine, Other Retail, General Health, Health, Tobacco, Retail, Other Health, Money, Finance, Economy, Corporate finance, Equity securities, Options, Warrant, Bluma, Reverse takeover

Bluma Wellness Inc. (formerly Goldstream Minerals Inc.) (the Company or Bluma) is pleased to announce the closing of its previously announced reverse takeover transaction (the RTO) with CannCure Investments Inc. (CannCure).

Key Points: 
  • Bluma Wellness Inc. (formerly Goldstream Minerals Inc.) (the Company or Bluma) is pleased to announce the closing of its previously announced reverse takeover transaction (the RTO) with CannCure Investments Inc. (CannCure).
  • In connection with the closing of the RTO, SOL Global Investments Corp. (SOL Global) (CSE:SOL) received an aggregate of 16,067,269 Bluma Shares and 6,450,000 warrants, with each such warrant exercisable to purchase one (1) Bluma Share (the Bluma Warrants).
  • As a result, SOL Global holds 19.41% of the issued and outstanding Bluma Shares on a non-diluted basis and 19.99% of the Bluma Shares on a partially diluted basis.
  • The Bluma Shares and Bluma Warrants were acquired as a result of the RTO.

Buscar Company Announces Reverse Merger With Eon Discovery

Retrieved on: 
Monday, June 8, 2020
Corporations, Reverse takeover, Reverse stock split, Mergers and acquisitions, Economy

Based on mutual confidence that thisagreementwill move forwardquickly, both parties agreed that a simple press release today was importantin order toaddress recent inquiries as to thelong-termfuture of the company.

Key Points: 
  • Based on mutual confidence that thisagreementwill move forwardquickly, both parties agreed that a simple press release today was importantin order toaddress recent inquiries as to thelong-termfuture of the company.
  • The agreement provides thatNoReverseSplitwill take placeas part of this transactionand that the Company may not perform a reverse split forthenext 18 months, thereby,protecting the current shareholders' positions.
  • The EON management & operations team currentlyconsists of9key individualswith plans to ramp up to well over 100 employees once the operation reaches full miningcapacity.
  • All parties involved expect this reverse merger to be completed byJune 30, 2020.Anew company website for EonDiscovery, Inc. is under construction.

Palm Beach Attorney Laura Anthony Recaps COVID-19's Impact on People and the Public Markets

Retrieved on: 
Thursday, May 28, 2020
Corporate finance, Economy, Financial economics, Corporations, Financial markets, Reverse takeover, Superbug, Mergers and acquisitions, Market, Public offering

The fear of societal breakdown, in part or in whole, due to an unchecked superbug is a different kind of nightmare, one that can impact public markets .

Key Points: 
  • The fear of societal breakdown, in part or in whole, due to an unchecked superbug is a different kind of nightmare, one that can impact public markets .
  • Consequently, the better the CDC, and parallel agencies, can protect the general public, the better they ensure the health of the public markets.
  • ALG has represented in excess of 200 companies in reverse merger, initial public offering and direct public offering transactions.
  • Palm Beach Attorney Laura Anthony is also the creator and author of SecuritiesLawBlog.com , the host of LawCast, Corporate Finance in Focus and a contributor to The Huffington Post and Law360.

Grapefruit USA, Inc. (OTCQB “GPFT”) Corporate Name and OTC Ticker Symbol Change Completed; GPFT Will Temporarily Be Quoted On the OTCPink Market

Retrieved on: 
Friday, January 31, 2020
Songs, GBI, Reverse takeover, Government procurement in the United States

On May 31, 2019, IGNG and GBI executed a Share Exchange Agreement documenting the reverse acquisition of IGNG by GBI.

Key Points: 
  • On May 31, 2019, IGNG and GBI executed a Share Exchange Agreement documenting the reverse acquisition of IGNG by GBI.
  • In early-July 2019, GBI and IGNG successfully completed the post-closing conditions on the reverse acquisition and on August 21, 2019 shares were exchanged.
  • GPFT shareholders should be aware that this temporary move to the OTCPink Market is of no practical import.
  • Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein.

Palm Beach Securities Attorney Laura Anthony Provides a Global Perspective on US Public Markets

Retrieved on: 
Tuesday, January 28, 2020
Mergers and acquisitions, Initial public offering, Reverse takeover, Economy

Attorney Laura Anthony is the founding partner of Anthony L.G., PLLC , a national corporate law firm based in West Palm Beach, Florida.

Key Points: 
  • Attorney Laura Anthony is the founding partner of Anthony L.G., PLLC , a national corporate law firm based in West Palm Beach, Florida.
  • "Clients don't generally discuss global issues when they have an IPO on the table," Ms. Anthony said.
  • ALG has represented in excess of 200 companies in reverse merger, initial public offering and direct public offering transactions.
  • Palm Beach Attorney Laura Anthony is also the creator and author of SecuritiesLawBlog.com , the host of LawCast, Corporate Finance in Focus and a contributor to The Huffington Post and Law360.

Palm Beach Securities Attorney Laura Anthony Provides a Global Perspective on US Public Markets

Retrieved on: 
Tuesday, January 28, 2020
Mergers and acquisitions, Initial public offering, Reverse takeover, Economy

Attorney Laura Anthony is the founding partner of Anthony L.G., PLLC , a national corporate law firm based in West Palm Beach, Florida.

Key Points: 
  • Attorney Laura Anthony is the founding partner of Anthony L.G., PLLC , a national corporate law firm based in West Palm Beach, Florida.
  • "Clients don't generally discuss global issues when they have an IPO on the table," Ms. Anthony said.
  • ALG has represented in excess of 200 companies in reverse merger, initial public offering and direct public offering transactions.
  • Palm Beach Attorney Laura Anthony is also the creator and author of SecuritiesLawBlog.com , the host of LawCast, Corporate Finance in Focus and a contributor to The Huffington Post and Law360.

WPD Pharmaceuticals Provides 2019 Corporate Year End Review

Retrieved on: 
Wednesday, January 8, 2020
Reverse takeover, Pharmaceutical industry in China

z.o.o(WPD), a clinical stage pharmaceutical company, are pleased to provide this 2019 corporate year-end review and summary.

Key Points: 
  • z.o.o(WPD), a clinical stage pharmaceutical company, are pleased to provide this 2019 corporate year-end review and summary.
  • On December 23, 2019, the Company acquired 100% of the issued and outstanding securities of WPD in a reverse takeover transaction.
  • The Company intends to change its name from Westcot Ventures Corp. to WPD Pharmaceuticals Inc. effective on or around January 15, 2020.
  • 2019 was a transformational year for WPD Pharmaceuticals, which included closing our acquisition with Westcot Ventures and listing publicly on the CSE at the end of the year.

Brexit and SEC Requirements for Public Companies; Attorney Laura Anthony Talks Pubco Preparedness

Retrieved on: 
Monday, December 16, 2019
Brexit, Euroscepticism in the United Kingdom, Withdrawal from the European Union, Reverse takeover, European Union, Decades, Units of time

Clayton continued, "Brexit is already here," and advised financial executives that preparations should be made for a variety of scenarios, including a "hard Brexit."

Key Points: 
  • Clayton continued, "Brexit is already here," and advised financial executives that preparations should be made for a variety of scenarios, including a "hard Brexit."
  • In a well-planned and systematic manner, the SEC has recently begun requiring that public companies disclose their game plans for dealing with a financially disruptive Brexit.
  • Also consistent with SEC rules and guidance , generic disclosures related to the impact of Brexit do not provide meaningful input for investors.
  • ALG has represented in excess of 200 companies in reverse merger, initial public offering and direct public offering transactions.

Dragonfly Provides Update on Reverse Take-Over Transaction

Retrieved on: 
Monday, November 11, 2019
Mergers and acquisitions, Corporate finance, Spacecraft, Reverse takeover, Letter of intent, Dragonfly, Takeover, Vehicles

VANCOUVER, British Columbia, Nov. 11, 2019 (GLOBE NEWSWIRE) -- Dragonfly Capital Corp. (TSXV: DRC.H) (Dragonfly or the Company) provides an update with respect to its previously announced proposed reverse takeover transaction (the Transaction) with 2591046 Ontario Corp. (d/b/a Future Fertility) (the Target).

Key Points: 
  • VANCOUVER, British Columbia, Nov. 11, 2019 (GLOBE NEWSWIRE) -- Dragonfly Capital Corp. (TSXV: DRC.H) (Dragonfly or the Company) provides an update with respect to its previously announced proposed reverse takeover transaction (the Transaction) with 2591046 Ontario Corp. (d/b/a Future Fertility) (the Target).
  • As previously announced, Dragonfly and the Target entered into a binding letter of intent on May 8, 2019 (the LOI).
  • At this time, the Company believes it is in the best interest of its shareholders to not proceed with the Transaction.
  • The Company is continuing to explore new target companies to acquire for its Qualifying Transaction under TSXV Policy 2.4.