M&A
confidence high
sentiment neutral
materiality 0.75
Fuse Group issues 100M shares for E-Mo Biotech; Xie becomes 31.97% owner
FUSE GROUP HOLDING INC.
- Fuse Group acquired all of E-Mo Biotech in exchange for 100 million common shares.
- E-Mo Biotech is a development-stage vaccine/immunology/diagnostics firm with no commercial sales.
- Qiyi Xie receives 57.25M shares (31.97% of Fuse Group) and becomes largest shareholder, replacing Landbond Home.
- Shares issued to Xie under Reg D; to other sellers under Reg S; no underwriter used.