M&A
confidence high
sentiment positive
materiality 0.75
Mentor Capital sells 51% Waste Consolidators stake for $5M cash + $1M note; cash alone = 500% of market cap
Mentor Capital, Inc.
- Total consideration of $6M: $5M cash received Oct 4, 2023, plus a $1M one-year promissory note.
- Mentor’s market cap was $930,000; cash proceeds alone represent 500% of that value.
- Book value of the sold interest was approximately $1.64M; the cash payment is ~3x book.
- Company plans to redeploy proceeds into classic energy sector (oil, gas, uranium, coal).
- Mentor completed its second stock repurchase program in Q2/Q3 2023.