M&A
confidence medium
sentiment neutral
materiality 0.70
TipMeFast to acquire Lucent, Inc. for 10M shares; target subsidiary shows large losses
Lucent, Inc.
- TMEF will acquire 100% of Lucent Inc. for 10,000,000 common shares.
- Lucent owns subsidiary DIJIYA (Dijiya Energy Saving Technology), which reported net loss of NT$64.6M for H1 2023.
- Lucent's financial statements not provided; only DIJIYA's unaudited financials are included.
- All officers and directors of Lucent will resign upon closing.
- Closing subject to shareholder approval to increase authorized shares and regulatory approvals.