M&A
confidence high
sentiment neutral
materiality 0.50
Safe and Green amends MWH acquisition terms; cash consideration $154,675 and 500K shares
RenX Enterprises Corp.
- Amendment dated Nov 4, 2024 revises total consideration to 500,000 shares (pre-split) and $154,675 cash.
- 68.25% of MWH membership interests already transferred; remaining 31.75% to transfer by Dec 1, 2024.
- Promissory notes of $337,226.29 owed to three members will be cancelled on Dec 1, 2024.
- Cash consideration paid in installments: amounts under $5K paid by Oct 30, 2024; 50% over $5K paid, remainder by Dec 1, 2024.
- Vikash Jain to receive $60,000 in 12 monthly installments of $5,000.