M&A
confidence high
sentiment neutral
materiality 0.60
MDWerks, Inc. (MDWK): M&A transaction — MDwerks completes merger with Two Trees Beverage Company; issues 60M shares as consideration
MDWerks, Inc.
- Merger closed Dec 8, 2023; Two Trees becomes wholly owned subsidiary of MDwerks.
- MDwerks issued 60,000,000 shares of common stock to Two Trees stockholders, representing ~32.4% post-merger ownership.
- Two Trees options converted into options to acquire 4,650,685 MDwerks shares at $0.36 per share.
- Board expanded to include James P. Cassidy and Edward D. Kratovil from Two Trees.
- Amendment corrects typo on cover page and adds omitted post-merger share count.