M&A
confidence high
sentiment neutral
materiality 0.60
Balance Labs completes share exchange; now owns 46.1% of W Technologies
Balance Labs, Inc.
- Balance Labs subsidiary Krypto Ventures exchanged all shares for 119,584,736 shares of W Tech common stock.
- Balance Labs now holds 46.1% of W Tech's outstanding common stock and zero stake in Krypto Ventures.
- Lockup agreement restricts sale of W Tech shares for 12 months post-closing.
- Amendment confirms no financial statements or pro forma information required for the transaction.