M&A
confidence high
sentiment neutral
materiality 0.95
HEALTHY EXTRACTS INC. (HYEX): M&A transaction — Healthy Extracts acquires Gummy USA LLC, issues 77.5% of stock, Swanson becomes Chairman/President
HEALTHY EXTRACTS INC.
- Issued 13,075,920 shares (77.5% of post-transaction common stock) to Donald Swanson for 100% of Gummy USA LLC.
- Donald Swanson appointed Chairman, President, and director; Kevin 'Duke' Pitts becomes CEO.
- Swanson granted anti-dilution rights to maintain 77.5% ownership upon exercise of 154,306 outstanding options/warrants.
- Gummy USA manufactures custom gummy nutritional supplements; financial statements to be filed within 71 days.