secwatch.observer — SEC 8-K summary
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Issuer:     VERDE BIO HOLDINGS, INC. (APHD)
CIK:        0001490054
Form:       8-K
Filed at:   2024-05-13T23:59:59+00:00
Accession:  0001213900-24-041962
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 3.03, 5.01, 5.02, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verde Bio completes merger with SensaSure; new entity Formation Minerals
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- Merger closed May 9, 2024; Verde stockholders received SSTC common/preferred shares at ~300.47:1 ratio for common and Series A, and 0.15:1 for Series C.
- Verde merged into SSTC; SSTC renamed Formation Minerals, Inc.; Verde ceased to exist.
- Verde's sole director and officer, and CEO Scott A. Cox, departed at Second Merger Effective Time.
- Merger approved by Verde stockholders with 5,334,612,883 votes for, 20,370,010 against, 365,853 abstain.
- SSTC assumed Verde warrant for up to 210,195 shares SSTC common at $0.75, exp. Jan 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1490054/000121390024041962/0001213900-24-041962-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1490054/000121390024041962/ea0205833-8k_verde.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-041962

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer