Shorepower Technologies To Be Acquired By Aeternum In Mixed Stock And Cash Deal
Benzinga Newsdesk 8 months ago
M&ANews
Transaction SummaryIssuance of common stock representing 51% ownership of the Company to the sole member of Aeternum Health.Issuance of 2,000,000 shares of Series B Preferred Stock, each share having voting power equal
Transaction Summary
- Issuance of common stock representing 51% ownership of the Company to the sole member of Aeternum Health.
- Issuance of 2,000,000 shares of Series B Preferred Stock, each share having voting power equal to 40 shares of common stock.
- Transfer to the Company of know-how and data relating to a novel peptide mix in development for longevity and anti-aging, together with associated intellectual property.
- Contribution of a minimum of $1.5 million in cash.
- Contribution of a business related to commercialization of the peptide technology.