other material
confidence high
sentiment neutral
materiality 0.70
Exactus renamed Panacea Life Sciences; 1-for-28 reverse split; Series C-2 preferred issued to cancel 205M shares
PANACEA LIFE SCIENCES HOLDINGS, INC.
- Company changed name to Panacea Life Sciences Holdings, Inc., effective Oct 25, 2021.
- Effected 1-for-28 reverse stock split of common stock.
- Designated 100 shares of Series C-2 Convertible Preferred stock, each convertible into 2,050,000 common shares.
- Issued all 100 Series C-2 shares to Quintel-MC Inc., owned by CEO Leslie Buttorff, in exchange for canceling 205,000,000 common shares.
- CEO Leslie Buttorff is sole owner, officer, and director of Quintel.