m_and_a
confidence high
sentiment neutral
materiality 0.85
First America Resources acquires METech Recycling, exits shell status; issues 80M shares to related parties
First America Resources Corp
- Acquired METech Recycling (electronics recycler) in stock exchange; issued 80M shares to entities owned by Jian Li (director/CEO/CFO/majority owner).
- METech Recycling is an R2v3 certified recycler with facilities in CA, CO, MA, NC, UT; provides IT asset disposition and data destruction.
- Acquisition ends shell company status effective April 16, 2025.
- No financial statements or pro forma data provided; METech's revenue and profitability not disclosed.
- Transaction is a related-party transaction; no broker or finder fees were paid.
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