Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Metalert, Inc. completed an acquisition involving Level 2 Security, LLC for an aggregate of 7,100,000 shares of Company common stock and an aggregate of $200,000 principal amount convertible promissory notes (closed 2023-09-05).
- Action
- acquisition
- Counterparty
- Level 2 Security, LLC
- Consideration
- an aggregate of 7,100,000 shares of Company common stock and an aggregate of $200,000 principal amount convertible promissory notes
- Closing
- 2023-09-05
Exact text from the filing
On September 5, 2023, the parties closed the Merger Agreement and (a) filed Articles of Merger merging Level 2 with and into Merger Sub; (b) the ownership interests of Level 2 were converted into the Merger Shares (7,100,000 shares of Company common stock); (c) the Company delivered the Merger Notes; and (d) Merger Sub changed its name to "Level 2 Security, Inc."
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Metalert, Inc. entered into Merger Agreement with Level 2 Security, LLC valued at an aggregate of 7,100,000 shares of Company common stock and an aggregate of $200,000 principal amou (effective 2023-09-05).
- Action
- entry
- Agreement
- merger
- Counterparty
- Level 2 Security, LLC
- Value
- an aggregate of 7,100,000 shares of Company common stock and an aggregate of $200,000 principal amou
- Effective
- 2023-09-05
Exact text from the filing
MetAlert, Inc. (the "Company") entered into a Plan and Agreement of Merger (the "Merger Agreement") with Level 2 Security, LLC, a Delaware corporation ("Level 2"), pursuant to which Level 2 will merge with and into a Nevada corporation wholly-owned by the Company ("Merger Sub") (the "Merger").
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