M&A
confidence high
sentiment positive
materiality 0.70
Meso Numismatics closes Global Stem Cells Group acquisition; renegotiates $10.5M financing
Regenerative Medical Technology Group Inc.
- Acquired all GCSC shares for 1M Series AA Preferred, 8,974 Series DD Preferred, and $225,000 cash.
- Issuance of 1M Series AA Preferred to Benito Novas caused change of control; Novas and CEO jointly control 67% vote.
- Renegotiated June 2021 $10.5M financing: warrant maturity extended to 7 years, locked up for first 2 years.
- $8.2M earmarked for Lans Holdings escrow per prior agreement.
- Entered consulting agreement with ETC (owned by CEO) for 896 Series DD Preferred shares.