Scienture Holdings, Inc. (SCNX): M&A transaction — TRxADE HEALTH completes merger with Scienture; issues Series X preferred convertible to common

Scienture Holdings, Inc.

Closed merger with Scienture Inc. on July 25; Scienture holders get 291,555 common shares (19.99% of pre-deal float) and 6,826,713 Series X non-voting convertible preferred shares.
Company to rename to Scienture Holdings, Inc. after stockholder written consent becomes effective (20 days after information statement mailed).
Board expands to 7; Shankar Hariharan and Narasimhan Mani appointed as directors.
CEO and CFO remain; lock-up agreements prohibit transfer of shares for 180 days post preferred stock conversion.
Consulting agreements with Suren Ajjarapu (702,086 common shares) and Prashant Patel (614,325 common shares) effective upon termination of employment.

item 1.01 item 5.03 item 2.01 item 3.02 item 3.03 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Shankar Hariharan

Director

SCNX · Scienture Holdings, Inc.

Effective: 2024-07-25
Filed: July 31, 2024, 7:59 PM ET

on July 25, 2024, the Company’s Board appointed Shankar Hariharan and Narasimhan Mani to the Board.

Appointed

Narasimhan Mani

Director

SCNX · Scienture Holdings, Inc.

Effective: 2024-07-25
Filed: July 31, 2024, 7:59 PM ET

on July 25, 2024, the Company’s Board appointed Shankar Hariharan and Narasimhan Mani to the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Shankar Hariharan was appointed as Director at Scienture Holdings, Inc..

Action: appointed
Role: Director

Exact text from the filing

on July 25, 2024, the Company’s Board appointed Shankar Hariharan and Narasimhan Mani to the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Narasimhan Mani was appointed as Director at Scienture Holdings, Inc..

Action: appointed
Role: Director

Exact text from the filing

on July 25, 2024, the Company’s Board appointed Shankar Hariharan and Narasimhan Mani to the Board.

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.95

Scienture Holdings, Inc. completed an acquisition involving Scienture, Inc. (closed 2024-07-25).

Action: acquisition
Counterparty: Scienture, Inc.
Closing: 2024-07-25

Exact text from the filing

The parties consummated the Mergers on July 25, 2024.

View on SEC.gov

31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Scienture Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-029787

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