m_and_a
confidence high
sentiment neutral
materiality 0.75
First America Resources acquires METech Recycling, exits shell status via related-party deal
First America Resources Corp
- Acquired METech Recycling on April 16, 2025; issued 80M shares to entities owned by director/CEO Jian Li.
- Transaction is a related-party exchange; Jian Li controls both First America and the target entities.
- Company was a shell company prior; METech is an operating business, so shell status ended.
- METech Recycling is an R2v3 certified electronics recycler with facilities in five states.
- No financial details or audited statements provided; no revenue, earnings, or valuation disclosed.