M&A
confidence high
sentiment neutral
materiality 0.70
Meso Numismatics completes acquisition of Global Stem Cells Group; financials show $105K net loss
Regenerative Medical Technology Group Inc.
- Acquisition closed Aug 18, 2021: Meso Numismatics acquires GCSC for 1M Series AA pref, 8,974 Series DD pref, and $225K.
- Change in control: Benito Novas receives Series AA super-voting stock (67% aggregate vote); CEO Christensen holds 50K Series AA.
- GCSC's audited financials: 2020 revenue $615K (down from $1.02M in 2019), net loss $105K; $461K cash, $459K liabilities.
- Going concern opinion: GCSC has recurring losses and working capital deficit, raising substantial doubt.