m_and_a
confidence high
sentiment neutral
materiality 0.90
Triunity Business Services changes control as Energizer Systems acquires 63.8% stake for $575,000
Independence Power Holdings, Inc.
- Energizer Systems purchased 3.8 million shares (63.8%) from former CEO Jervey Choon for $575,000 on November 26, 2025.
- Company plans to amend articles to authorize 400 million shares and effect a 7-for-1 forward stock split.
- Subject to audited financials, Triunity will acquire Independence Power from Energizer Systems, giving Energizer ~96% equity post-merger.
- Jervey Choon resigned as CEO, President, Secretary, Treasurer and Director; Todd Parkin appointed CEO, Scott Stephenson Chairman, CFO, Treasurer and Director.
- Warrants for 19% fully diluted equity at $28 million exercise price are conditional on the merger with Independence Power.