M&A
confidence high
sentiment neutral
materiality 0.60
Bravo Multinational acquires 51% of Recombinant Productions for 8.5M shares
Bravo Multinational Inc.
- Closed July 13, 2023: Bravo issued 8.5M shares in exchange for 51% of Recombinant Productions (RPI).
- RPI audited June 30, 2023: $0 cash, $0 revenue, net loss $1,854 since inception on June 15, 2023.
- RPI has negative equity of $1,000; auditor notes substantial going concern doubt.
- Pro forma combined Bravo shows $199,856 stockholders' deficit; $4.08M goodwill impairment recorded.