M&A
confidence high
sentiment positive
materiality 0.75
Evil Empire Designs, Inc.: M&A transaction — Evil Empire Designs acquires Trendmark Industries in share deal; CEO gets super-voting preferred stock
Evil Empire Designs, Inc.
- Acquires 100% of Trendmark for 10M shares plus a $50K loan; Trendmark becomes wholly owned subsidiary.
- Timothy McNamer receives 10M shares (51.5% of common) and signs 3-year consulting agreement.
- CEO Sheila Cunningham receives one Series A Preferred share with voting power equal to 110% of common stock.
- Acquisition provides in-house manufacturing for motorcycles/EVs; products expected on website shortly after close.
- CEO Cunningham retains super-voting control; she owns 23.2% of common and 100% of Series A Preferred.