M&A
confidence high
sentiment neutral
materiality 0.60
WHEN acquires 26% of CrossMobile for 10B shares; option to increase to 51%
WORLD HEALTH ENERGY HOLDINGS, INC.
- Acquired 26% equity interest in CrossMobile, a Polish MVNO, in exchange for 10,000,000,000 restricted shares of WHEN common stock.
- CEO Giora Rosenzweig and director George Baumeohl previously held preferred shares in CrossMobile (40.67% and 3.33% respectively).
- WHEN has an option through Dec 22, 2024 to purchase additional shares to hold ~51% of CrossMobile on fully diluted basis.
- Company director Gaya Rozensweig appointed to CrossMobile board upon closing.