M&A
confidence high
sentiment neutral
materiality 1.00
Bio Lab Naturals to acquire Limitless X in reverse merger; LXI shareholders to own ~90% of combined entity
Limitless X Holdings Inc.
- Bio Lab Naturals will acquire all of Limitless X (health/wellness, beauty, CBD) via share exchange.
- LXI shareholders receive 97M BLAB common shares (plus 9M shares in 6 months), owning ~90% of combined company.
- LXI CEO to purchase 500K shares of BLAB Series A Preferred Stock with super voting rights (60% votes), effecting change in control.
- Closing targeted for May 20, 2022; transaction subject to customary conditions.