M&A
confidence high
sentiment neutral
materiality 0.90
Trustfeed Corp. to acquire Polomar Specialty Pharmacy via merger; Polomar members to own 75% of combined company
Polomar Health Services, Inc.
- Each 1% of Polomar membership converts to 357,414 shares of Trustfeed common stock; no fractional shares.
- Post-merger, Polomar members own 75% of Trustfeed; current stockholders own 25%.
- CWR 1, LLC (83.3% owner) will convert preferred stock and cancel common shares to ensure at least 10% public float.
- Closing conditions include PCAOB-compliant audit of Polomar for FY2023 and shareholder approval of 10:1 reverse split and name change to "Polomar Health Services, Inc."
- Trustfeed's board and executive officers remain unchanged after the merger.