M&A
confidence high
sentiment positive
materiality 0.65
Brownie's Marine acquires Gold Coast Scuba for $150K in cash and stock; 3.1M shares issued
Brownie's Marine Group, Inc
- Total consideration $150K ($30K cash + 3,084,831 shares at $0.0389); shares have staged leak-out restrictions.
- Gold Coast Scuba is a PADI 5-star dive center in Lauderdale-by-the-Sea, FL.
- Live Blue subsidiary will pilot BLU3 tankless dive tours from the acquired facility.
- LLC members entered 5-year non-compete/non-solicitation agreements.