M&A
confidence high
sentiment neutral
materiality 0.95
Bespoke Extracts in change-of-control deal; CEO Pollack sells 50M shares for $40K
Bespoke Extracts, Inc.
- Danil Pollack sells 50M common shares and 1 Series C share (51% voting) to Infinity Management for $40,000 cash.
- Michael Feinsod to become CEO and Chairman; Hunter Garth appointed director and chief strategy officer.
- Convertible debenture (~$400K) terminated; company to pay 40% of CBD inventory profit monthly plus $75K final payment.
- Buyer contributes $4,792 to pay creditors; closing subject to Schedule 14F-1 filing.
- Pollack to resign as president, CEO, CFO, and board member at closing.