M&A Transactions

B&G Foods, Inc. completed an acquisition involving Del Monte Foods Holdings Limited and certain of its affiliates for approximately $110 million in cash (closed 2026-03-19).

“On March 19, 2026, B&G Foods, Inc., through its wholly owned subsidiary, B&G Foods North America, Inc., closed on the acquisition of the College Inn and Kitchen Basics broth and stock business from Del Monte Foods Holdings Limited and certain of its affiliates for a purchase price of approximately $110 million in cash, pursuant to an asset purchase agreement.”

Solaris Energy Infrastructure, Inc. completed an acquisition involving Focus Genco Cayman Ltd. for 4,182,772 shares of Class A common stock and approximately $81 million in cash (closed 2026-03-16).

“Pursuant to the Purchase Agreement, the Buyer acquired 100% of the issued and outstanding ordinary shares of Genco from the Sellers in exchange for (i) 4,182,772 shares of Class A common stock, par value $0.01 per share (the “ Common Stock ”) of the Company (the “ Equity Consideration ”), and (ii) approximately $81 million in cash, subject to customary post-closing adjustments for cash, indebtedness, net working capital and transaction expenses.”

dMY Squared Technology Group, Inc. underwent a change of control involving Horizon Quantum Holdings Ltd. (Holdco) (closed 2026-03-19).

“On March 19, 2026, dMY Squared Technology Group, Inc. (the “ Company ”) consummated its previously announced business combination”

Merlin, Inc. completed an acquisition involving Merlin Labs, Inc. (Legacy Merlin) for 75,764,313 shares of New Merlin Common Stock valued at $800,000,000, plus 10,244,861 shares of Series A Preferred Stock for Pre-Funded Convertible Note holders (closed 2026-03-16).

“Holders ”) (other than the holders of the Pre-Funded Convertible Notes and the Pre-Funded Warrants in respect of those securities) in, or in connection with, the Merger was 75,764,313 shares of New Merlin Common Stock. The Aggregate Consideration was calculated as the number of shares of New Merlin Common Stock equal to the quotient of: (a) $800,000,000 (the “”

TEGNA INC underwent a change of control involving Nexstar Media Group, Inc. for Merger Sub merged with and into TEGNA, with TEGNA continuing as the surviving corporation and a wholly owned subsidiary of Nexstar Media Inc. (closed 2026-03-19).

“On March 19, 2026 (the "Closing Date"), TEGNA Inc. ("TEGNA" or the "Company"), Nexstar Media Group, Inc., a Delaware corporation ("Nexstar") and Teton Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Nexstar ("Merger Sub"), completed the transactions contemplated by the previously announced Agreement and Plan of Merger, dated as of August 18, 2025 (the "Merger Agreement"), by and among the Company, Nexstar and Teton Merger Sub.”

ASHFORD HOSPITALITY TRUST INC completed a disposition involving Jay Land Ltd. Co. for $57.5 million in cash (closed 2026-03-17).

“On March 17, 2026, Ashford Posada LP, an indirect wholly owned subsidiary of Ashford Hospitality Trust, Inc. (the "Company"), completed the sale of the La Posada de Santa Fe located in Santa Fe, New Mexico pursuant to an Agreement of Purchase and Sale, dated as of February 6, 2026, by and between Ashford Posada LP, as seller, and Jay Land Ltd. Co., as purchaser, for $57.5 million in cash, subject to customary pro-rations and adjustments.”

BATTALION OIL CORP completed an acquisition involving RoadRunner Resource Holding LLC (formerly Sundown Energy LP, "Sundown") for 485,000 shares of its common stock (closed 2026-03-19).

“On March 19, 2026, Battalion Oil Corporation (the “ Company ”) closed its previously announced Purchase and Sale Agreement (“ PSA ”) with RoadRunner Resource Holding LLC (formerly Sundown Energy LP, “ Sundown ”) to acquire approximately 7,090 net acres in Ward County, Texas. The transaction was completed as an all‐stock deal, with Battalion issuing 485,000 shares of its common stock to Sundown, subject to customary closing adjustments. The acquisition is effective as of March 1, 2026.”

Signing Day Sports, Inc. underwent a change of control involving BlockchAIn Digital Infrastructure, Inc. (closed 2026-03-16).

“On March 16, 2026 (the “Closing Date”), the business combination by and among Signing Day Sports, Inc., a Delaware corporation (“Signing Day Sports” or the “Company”), BlockchAIn Digital Infrastructure, Inc., a Delaware corporation (“BlockchAIn”), One Blockchain LLC, a Delaware limited liability company (“One Blockchain”)”

Cyber Enviro-Tech, Inc. underwent a change of control involving Mr. Southworth for issuance of Preferred Stock (closed 2026-03-11).

“As a result of the issuance of the Preferred Stock on March 11, 2026, Mr. Southworth holds voting power representing approximately 60% of the total voting power of the Company’s outstanding voting securities. Accordingly, the Company believes that a change in control of the Company occurred on March 11, 2026.”

BlockchAIn Digital Infrastructure, Inc. completed an acquisition involving Signing Day Sports, Inc. and One Blockchain LLC (closed 2026-03-16).

“On March 16, 2026 (the “Closing Date”), the business combination by and among BlockchAIn, Signing Day Sports, One Blockchain LLC, a Delaware limited liability company (“One Blockchain”), BCDI Merger Sub I Inc., a Delaware corporation and a wholly owned subsidiary of Holdings (“Merger Sub I”), and BCDI Merger Sub II LLC, a Delaware limited liability company and a wholly owned subsidiary of Holdings (“Merger Sub II”) closed.”

Global Asset Management Group, Inc. completed an acquisition (closed 2026-03-13).

“On March 13, 2026, Global Asset Management Group, Inc. (the "Company") completed the following Share Exchange Agreements (collectively, the "Share Exchange Agreements"), pursuant to which the Company agreed to acquire 100% of the outstanding equity interests of each applicable acquired entity in exchange for shares of the Company’s common stock.”

MICRO IMAGING TECHNOLOGY, INC. completed an acquisition involving SaltMED (closed 2025-12-24).

“This acquisition finally occurred on December 24, 2025 with completion of the payment by the Company for the assets being acquired.”

TRIMAS CORP completed a disposition involving an affiliate of Tinicum L.P. and funds managed by Blackstone, Inc. for $1.45 billion in cash (closed 2026-03-16).

“L.P. and funds managed by Blackstone, Inc. Pursuant to the terms of the Purchase Agreement, the Sellers agreed to sell TriMas’ aerospace business segment to the Purchaser for $1.45 billion in cash, subject to customary adjustments (the “Transaction”). The Transaction closed on March 16, 2026. The above description of the material terms and conditions of the”

Alexander & Baldwin, Inc. completed an acquisition involving Alexander & Baldwin, Inc. (the Company was acquired via merger) for $20.85 per share (net of $0.35 dividend) (closed 2026-03-12).

“by the Company or any subsidiary of the Company or held by Parent or Merger Sub) was cancelled and automatically converted into the right to receive an amount in cash equal to $20.85 per share (which is $21.20 per share less the January Dividend of $0.35 per share), without interest and less any applicable withholding taxes (the “Common Stock Merger”

Alexander & Baldwin, Inc. underwent a change of control involving Tropic Purchaser LLC (a joint venture formed by MW Group and funds affiliated with Blackstone Real Estate and DivcoWest) for $2.3 billion (closed 2026-03-12).

“or Company PSU Award, including double-tr --- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 tm268388d2_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Alexander & Baldwin is Taken Private in $2.3 Billion Transaction HONOLULU, March 12, 2026 /PRNewswire/ -- Alexander & Baldwin (“A&B” or the “Company”), a Hawaiʻi-based owner, operator and developer of high-quality commercial real”

Ondas Inc. completed an acquisition involving Indo Earth Moving Ltd. for $5,663,398 in cash and 5,493,388 shares (closed 2026-03-17).

“on March 17, 2026, (the “Closing Date”), the Company acquired 100% of the issued and outstanding share capital of Indo (the “Indo Share Capital”), for a purchase price of $5,663,398 in cash (the “Cash Consideration”) and 5,493,388 shares (the “Shares”) of Company common stock (“Common Stock”), par value $0.0001, including (a) 2,441,506 shares of Common Stock”

Fulgent Genetics, Inc. completed an acquisition involving Bako Pathology LP, Bako Pathology Holdings Corp., BPA Holding Corp., Bakotic Pathology Associates, L.L.C., Podceuticals L.L.C., GBRL Consulting (closed 2026-03-17).

“On March 17, 2026, the transactions contemplated by the APA were completed (the "APA Closing").”

Fulgent Genetics, Inc. completed an acquisition involving Inform Diagnostics, Inc. (closed 2026-03-17).

“On March 17, 2026, the transactions contemplated by the PSA were completed (the "PSA Closing").”

Nexentis Technologies Inc. completed a disposition involving Voice Assist, Inc. for issuance of shares of common stock of Voice Assist representing 19.99% of Voice Assist on a fully-diluted basis (closed 2026-03-15).

“for the Shares consisted of the issuance at the Closing to the Company of that number of shares of common stock of Voice Assist, par value $0.001 per share, that represented 19.99% of Voice Assist on a fully-diluted basis, calculated as of immediately following the Closing. The foregoing description of the Agreement does not purport to be complete and is”

Quipt Home Medical Corp. underwent a change of control involving REM Aggregator, LLC and 1567208 B.C. Ltd. for US$3.65 per Share in cash, aggregate consideration approximately $173 million (closed 2026-03-16).

“Arrangement Agreement, among other things, the Purchaser acquired all of the issued and outstanding common shares (collectively, the “Shares”) of Quipt on the Closing Date for US$3.65 per Share in cash (the “Consideration”), by way of a plan of arrangement under the Business Corporations Act (British Columbia) (the “Arrangement”). “Shares”) of Quipt on the”

Ondas Inc. completed an acquisition involving Mr. Cohen for (i) 352,968 shares of Common Stock, and (ii) an additional amount of up to $1,400,000 shares of Common Stock in contingent earn-out payments (closed 2026-03-16).

“and Mr. Cohen (the “Supplement”), the Company acquired the remaining 30% of the issued and outstanding share capital of HoldCo from Mr. Cohen, for a purchase price of (i) 352,968 shares of Common Stock, and (ii) an additional amount of up to $1,400,000 shares of Common Stock in contingent earn-out payments, subject to certain milestones as set forth in the”

Ondas Inc. completed an acquisition involving Rotron Aerospace Ltd. for approximately $6,662,046 in cash and (ii) 3,334,753 shares (closed 2026-03-16).

“(the “Shareholders”). In accordance with the terms of the Agreement, the Company acquired 100% of the issued share capital of Gilo, for a purchase price of (i) approximately $6,662,046 in cash and (ii) 3,334,753 shares (the “Shares”) of the Company’s common stock, par value $0.0001 per share (“Common Stock”). Pursuant to the Agreement, the Shareholders agreed,”

Bank First Corp completed an acquisition involving Centre 1 Bancorp, Inc. (closed 2026-01-02).

“On January 2, 2026, Bank First Corporation, a Wisconsin corporation (the “Company” or “BFC”) filed with the Securities and Exchange Commission (“SEC”) a Current Report on Form 8-K to report under Item 2.01 that the Company had completed its previously-announced merger (the “Merger”) with Centre 1 Bancorp, Inc., a Wisconsin corporation (“Centre”), pursuant to that certain Agreement and Plan of Merger by and between BFC and Centre, dated as of July 17, 2025 (the “Merger Agreement”).”

Interactive Strength, Inc. completed an acquisition involving Ergatta, Inc. for cash consideration of $3,500,000 (closed 2026-03-11).

“share of preferred stock of Ergatta (other than excluded and dissenting shares) held by Ergatta’s stockholders was cancelled, in exchange for: (i) cash consideration of $3,500,000 paid to Ergatta's stockholders, consisting of: (a) $1,750,000 paid on the Closing Date (subject to adjustments pursuant to the terms of the Merger Agreement); and (b) $1,750,000”

KAANAPALI LAND LLC completed a disposition involving Pioneer Mill Site LLC for $19,900,000 in cash (closed 2026-03-10).

“Purchase Agreement, dated as of June 13, 2024 (the “PMC Sales Agreement” ). At the closing of the transactions contemplated by the PMC Sales Agreement, the Seller received $19,900,000 in cash from Buyer for the sale of the Property (subject to adjustment for closing costs, escrow agent fees, and applicable prorated items pursuant to the PMC Sales Agreement).”

New Mountain Finance Corp completed a disposition involving Eagle Credit CV, L.P., Eagle Credit Holdings SPV, L.P. and Eagle Credit Sub Blocker L.P. for approximately $468.0 million, as adjusted for partial paydowns post February 21, 2026, at 94% of the fair value of such assets as of December 31, 2025 (closed 2026-03-10).

“On March 10, 2026, the Company completed its previously announced sale of approximately $468.0 million, as adjusted for partial paydowns post February 21, 2026, of assets held by the Company and its wholly-owned subsidiary, New Mountain Finance Holdings, L.L.C., at 94% of the fair value of such assets as of December 31, 2025 (the “Asset Sale”).”

IF Bancorp, Inc. underwent a change of control involving ServBanc Holdco, Inc. for $26.40 in cash per share, plus potential contingent payment of approximately $1.51 per share from a $5,004,650 fund (closed 2026-03-12).

“and into ServBanc, with ServBanc as the surviving entity. Under the terms of the Merger Agreement, each share of IF Bancorp common stock was converted into the right to receive $26.40 in cash (the “Merger Consideration”), based on the tangible common equity calculation of the IF Bancorp set forth in the Merger Agreement. At the Effective Time, each restricted”

Moody National REIT II, Inc. completed a disposition involving Moody EC Development, LLC for $18,850,000 (closed 2026-03-06).

“Effective March 6, 2026, Moody National REIT II, Inc. (the “Company”) sold, transferred and disposed of all of its right to and ownership of (i) the hotel referred to as the Hampton Inn Austin/Airport Area South, located in Austin, Texas, (ii) the hotel referred to as the Hampton Inn Houston I-10W Energy Corridor, located in Houston, Texas, and (iii) the hotel referred to as the Hyatt Place North Charleston, located in North Charleston, South Carolina (collectively, the “Hotels”), to Moody EC Development, LLC, a Texas limited liability company affiliated with the Company’s sponsor and adviser (the “Buyer”), for an aggregate purchase price of $18,850,000 (the “Purchase Price”).”

Aditxt, Inc. completed an acquisition involving IMAC Holdings, Inc. for 36,000 shares of the Company’s newly created Series A-2 Convertible Preferred Stock (closed 2026-03-11).

“Agreement ”) with IMAC Holdings, Inc. (“ IMAC ”) and the several investors listed on the Schedule of Buyers attached to the Agreement (collectively, the “Buyers”)”

Kezar Life Sciences, Inc. completed a disposition involving Enodia Therapeutics SAS for $800,000 in cash at the closing (closed 2026-03-06).

“assets related to the Company’s zetomizomib program, employee contracts, cash, accounts receivable, real property or equipment. Pursuant to the Agreement, the Company received $800,000 in cash at the closing and will receive an additional $200,000 on the earlier to occur of (i) physical delivery of certain inventory assets to Enodia and (ii) 45 days after the”

T Stamp Inc completed an acquisition involving CyberFish CyberPsychology Solutions Ltd for £190,000 (closed 2026-03-09).

“Wales (“ CyberFish ”). Pursuant to the SPA, Trust Stamp Malta Limited agreed to subscribe for fifty percent (50%) of the authorized share capital of CyberFish in exchange for £190,000 (the “ Total Consideration ” ), consisting of (i) a cash payment of €30,000 payable to Malta Enterprise on behalf of CyberFish and (ii) a cash payment of £30,000 payable to”

PRESIDIO PRODUCTION Co underwent a change of control involving EQV Ventures Acquisition Corp. (closed 2026-03-04).

“On March 4, 2026 (the “Closing Date”), Presidio Production Company (f/k/a Presidio PubCo Inc.), a Delaware corporation (the “Company” or “Presidio”), consummated the previously announced business combination (the “Closing”) pursuant to the Business Combination Agreement, dated August 5, 2025 (the “Business Combination Agreement”), by and among EQV Ventures Acquisition Corp., a Cayman Islands exempted company (“EQV”), the Company, Prometheus PubCo Merger Sub Inc., a Delaware corporation a (“EQV Merger Sub”), Prometheus Holdings LLC, a Delaware limited liability company (“EQV Holdings”), Prometheus Merger Sub LLC, a Delaware limited liability company (“Presidio Merger Sub”), and Presidio Investment Holdings LLC, a Delaware limited liability company (“PIH”).”

SONIDA SENIOR LIVING, INC. completed an acquisition involving CNL Healthcare Properties, Inc. (CHP) for $2.32 in cash and 0.1318 of a share of SNDA Common Stock (closed 2026-03-11).

“SNDA, Holdco, SNDA Merger Sub, or any subsidiary of SNDA or wholly owned subsidiary of CHP (the “ Excluded Shares ”)) was cancelled and converted into the right to receive (i) $2.32 in cash and (ii) 0.1318 of a share of SNDA Common Stock. The Company paid approximately $404.4 million in cash and issued an aggregate number of 22,902,649 shares of SNDA Common”

Joby Aviation, Inc. completed an acquisition involving Capstone STS, LLC for $61,500,000 (closed 2026-03-06).

“On March 6, 2026, Aero completed the previously disclosed purchase of certain real property, improvements and other assets (the “ Property ”) from Capstone STS, LLC, a Texas limited liability company, for a purchase price of $61,500,000 (the “ Purchase Price ”).”

ASHFORD HOSPITALITY TRUST INC completed a disposition involving Kolter Group Acquisitions LLC for $96 million in cash (closed 2026-03-05).

“On March 5, 2026, St. Petersburg Florida Hotel Limited Partnership, an indirect wholly owned subsidiary of Ashford Hospitality Trust, Inc. (the “Company”), completed the sale of the Hilton St. Petersburg Bayfront located in St. Petersburg, Florida pursuant to an Agreement of Purchase and Sale, dated as of December 12, 2025, by and between St. Petersburg Florida Hotel Limited Partnership and Ashford TRS Lessee II LLC, as seller, and Kolter Group Acquisitions LLC, as purchaser, for $96 million in cash, subject to customary pro-rations and adjustments.”

Eventbrite, Inc. underwent a change of control involving Bending Spoons US Inc. for $4.50 in cash (closed 2026-03-10).

“stock or held directly by Parent or Merger Sub (or any direct or indirect wholly-owned subsidiary of the Company, Parent or Merger Sub)) was converted into the right to receive $4.50 in cash, without interest and subject to applicable withholding taxes, as set forth in the Merger Agreement (the “Merger Consideration”). In addition, pursuant to the Merger”

Scorpius Holdings, Inc. completed a disposition involving Velocity Bioworks, Inc., a wholly owned subsidiary of Tivic Health Systems, Inc. for $15.2 million net proceeds (closed 2025-12-10).

“CDMO and research and development activities and subsidiaries, which were encumbered by the secured notes and related security agreements. The collateral agent used the $15.2 million net proceeds from the foreclosure sale to partially settle the Company’s secured debt with a balance of $30.2 million immediately prior to the December 10, 2025 closing.”

Nine Energy Service, Inc. underwent a change of control involving Former Senior Secured Noteholders (closed 2026-03-05).

“Pursuant to the Plan, on the Plan Effective Date, all of the Company’s equity interests, including the Old Common Stock, outstanding prior to the Plan Effective Date, were canceled and are now of no force and effect, and the Company issued shares of New Common Stock to the Former Senior Secured Noteholders. As of the Plan Effective Date, the Former Senior Secured Noteholders hold 100% of the outstanding shares of New Common Stock.”

Greenland Mines Ltd completed an acquisition involving Greenland Mines Corp. for 47,000 newly issued shares of the Company’s Series C Preferred Stock (closed 2026-03-04).

“with Greenland Mines being the surviving entity. Pursuant to the Merger Agreement, as consideration for the Merger, the stockholders of Greenland Mines will receive a total of 47,000 newly issued shares of the Company’s Series C Preferred Stock. In addition, the stockholders of Greenland Mines have the right to designate one individual to join the Company’s”

CACI INTERNATIONAL INC /DE/ completed an acquisition involving ARKA Group, L.P. for $2.6 billion in cash (closed 2026-03-09).

“solely in its capacity as representative of the Equity Holders (as defined in the Purchase Agreement), ARKA Holdco L.P. The aggregate purchase price paid by the Purchaser was $2.6 billion in cash, subject to a customary post-closing purchase price adjustment for net working capital and certain other items. The foregoing description of the acquisition does not”

MiniMed Group, Inc. completed a disposition involving MiniMed Group, Inc..

“The description of the Company’s merger with KH2 set forth under Item 1.01 above is incorporated herein by reference.”

PRESIDIO PRODUCTION Co completed an acquisition involving EQV Resources LLC (closed 2026-03-04).

“Also on the Closing Date, the Company acquired all of the issued and outstanding equity interests of EQV Resources LLC, a Delaware limited liability company (“EQVR”), via merger (the “EQVR Merger”)”

PRESIDIO PRODUCTION Co underwent a change of control involving EQV Ventures Acquisition Corp. (closed 2026-03-04).

“On March 4, 2026 (the “Closing Date”), Presidio Production Company (f/k/a Presidio PubCo Inc.), a Delaware corporation (the “Company” or “Presidio”), consummated the previously announced business combination (the “Closing”) pursuant to the Business Combination Agreement, dated August 5, 2025 (the “Business Combination Agreement”), by and among EQV Ventures Acquisition Corp., a Cayman Islands exempted company (“EQV”), the Company, Prometheus PubCo Merger Sub Inc., a Delaware corporation a (“EQV Merger Sub”), Prometheus Holdings LLC, a Delaware limited liability company (“EQV Holdings”), Prometheus Merger Sub LLC, a Delaware limited liability company (“Presidio Merger Sub”), and Presidio Investment Holdings LLC, a Delaware limited liability company (“PIH”).”

INNOVATIVE FOOD HOLDINGS INC completed a disposition involving Mountaintop Holdings, LLC for $9.225 million (closed 2026-03-06).

“On March 6, 2026, the Company closed the sale of the Property to Mountaintop Holdings for a gross proceed of $9.225 million.”

Global Asset Management Group, Inc. completed an acquisition involving AMT Management LLC for 200,000 shares of GAMG common stock (closed 2026-03-04).

“Share Exchange Agreement and related documents attached as Exhibits hereto. Under the terms of the agreement, the Company acquired all membership interests of AMT in exchange for 200,000 shares of GAMG common stock. The shares issued are duly authorized, fully paid, and non-assessable, and carry the same rights and privileges as all other outstanding shares of”

KRATOS DEFENSE & SECURITY SOLUTIONS, INC. completed an acquisition involving Orbit Technologies Ltd. for $352.7 million in cash (closed 2026-03-02).

“Merger, Orbit’s ordinary shares were publicly traded on the Tel Aviv Stock Exchange. The purchase price paid for 100 percent of the ordinary shares of Orbit was approximately $352.7 million in cash, which was funded via cash on the Company’s balance sheet. The purchase price was determined based on $13.725 for each Orbit ordinary share (the “Merger Consideration”),”

HIGH WIRE NETWORKS, INC. completed an acquisition involving Thoth Aerospace Inc. for 16,597,353 shares of common stock, representing 80% of the issued and outstanding capital stock of the Company on a fully diluted basis immediately after the Cl (closed 2026-03-03).

“2026 (the “ Closing ”), the Selling Shareholder transferred all of the issued and outstanding securities of Thoth to the Company in exchange for the issuance by the Company of 16,597,353 shares of the Company’s common stock, par value $0.00001 per share (the “ Common Stock ”), representing 80% of the issued and outstanding capital stock of the Company on a fully”

Chatham Lodging Trust completed an acquisition for $92 million (closed 2026-03-03).

“On March 3, 2026, Chatham Lodging Trust (the "Company") completed its acquisition of six hotels (the “Portfolio”) for a purchase price of $92 million, or approximately $156,000 per room.”

ALBEMARLE CORP completed a disposition involving ChemCat AcquisitionCo, LLC for approximately $547 million in cash (closed 2026-03-02).

“arrangements), and marketing catalysts and related products on a global basis. In connection with the Sale, Albemarle expects to receive an aggregate amount of approximately $547 million in cash, inclusive of $22 million in cash included with Ketjen at the time of the Sale. Together with the sale of its 50% interest in the Eurecat joint venture to Axens SA,”

AI Technology Group Inc. completed an acquisition involving Biomed 360 Solutions Corp. (closed 2025-12-15).

“On December 15, 2025, the Corporation completed the acquisition of AVMN. · Consideration: 100 common shares of the Corporation issued to Biomed 360 in exchange for 100 common shares of AVM. · Result: AVMN is now a wholly-owned subsidiary of the Corporation.”