M&A
confidence high
sentiment neutral
materiality 0.75
Good Hemp agrees to acquire Restoration Artechs for 25M shares, ~16.5% post-merger stake
Accredited Solutions, Inc.
- Restoration Artechs to become wholly-owned subsidiary; 25,000,000 shares of Good Hemp common stock issued as consideration.
- Closing subject to reformation of promissory notes to current management and standard conditions.
- Good Hemp to contribute $750,000 cash to Restoration over nine months post-closing in installments.
- Post-merger board: Ron F. Sickels, Barry Feinman, William E. Sluss, Fabian G. Deneault, Eric Newlan.
- If capital contribution not met, Restoration may rescind the merger.