Verde Bio Holdings enters merger agreement with SensaSure Technologies subsidiary

VERDE BIO HOLDINGS, INC.

Agreement signed Dec 11, 2023; Verde Bio to merge into Formation Minerals, a wholly-owned subsidiary of SensaSure Technologies.
Verde Bio stockholders will receive shares of Parent capital stock based on exchange ratios in the merger agreement.
Closing conditions include stockholder approval, SEC registration statement effectiveness, and Nasdaq listing of Parent common stock.
Merger agreement may be terminated if not completed by Feb 1, 2024.
Post-closing board to include at least two Verde Bio designees, one independent.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

VERDE BIO HOLDINGS, INC. entered into Agreement and Plan of Merger with SensaSure Technologies, Inc. (Parent); Formation Minerals Inc. (Merger Sub) valued at Merger: Company merges with and into Merger Sub; stockholders receive Merger Consideration Shares (effective 2023-12-11).

Action: entry
Agreement: merger
Counterparty: SensaSure Technologies, Inc. (Parent); Formation Minerals Inc. (Merger Sub)
Value: Merger: Company merges with and into Merger Sub; stockholders receive Merger Consideration Shares
Effective: 2023-12-11

Exact text from the filing

On December 11, 2023, Verde Bio Holdings, Inc., a Nevada corporation (the “ Company ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with SensaSure Technologies, Inc., a Nevada corporation (together with its successors, “ Parent ”), and Formation Minerals Inc., a Nevada corporation and a wholly-owned subsidiary of the Parent (“ Merger Sub ”).

View on SEC.gov

85 material agreements filed in the last 30 days. Browse all material agreements →

VERDE BIO HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001096906-23-002378

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.