M&A
confidence high
sentiment positive
materiality 0.75
Mycotopia enters merger with Ei.Ventures under PSLY.com; total deal value ~$383M
AIBOTICS, INC.
- Mycotopia shareholders to receive 0.25 PSLY.com share per TPIA share, valued at >$23M.
- Ei.Ventures shareholders valued at $360M based on formula using $360M/$1.56 divided by 4x outstanding shares.
- Transaction expected to close on or about July 30, 2022; companies plan NASDAQ uplisting.
- Merger combines Ei's psilocybin products (Odyssey Elixir, Psilly patches) with Mycotopia's Jamaican and Dutch legal presence.
- Combined entity PSLY.com to focus on natural remedies and metaverse expansion.