Polomar Health Services, Inc. (PMHS): M&A transaction — Polomar Health Services completes acquisition of Polomar Specialty Pharmacy, files amended 8-K with financials

Polomar Health Services, Inc.

Polomar Health Services acquired 100% of Polomar Specialty Pharmacy on September 30, 2024 in exchange for common stock.
Audited financials show $41,844 revenue and $171,497 net loss from inception (April 26, 2023) to December 31, 2023.
Unaudited interim statements for six months ended June 30, 2024 show accumulated deficit of $433,567 and going concern uncertainty.
Short-term debt due to related parties surged from $30,507 (Dec 2023) to $454,288 (June 2024).
Financial statements include a material weakness in liquidity; cash was only $8,564 as of Dec 2023 and $19,563 as of June 2024.

item 9.01 item 2.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Polomar Health Services, Inc. completed an acquisition involving Polomar Specialty Pharmacy, LLC (closed 2024-09-30).

Action: acquisition
Counterparty: Polomar Specialty Pharmacy, LLC
Closing: 2024-09-30

Exact text from the filing

On September 30, 2024, the Company completed its acquisition of Polomar Specialty Pharmacy, LLC, a Florida limited liability company ("Polomar"), whereby, among other things, the Company acquired 100% of Polomar in exchange for the issuance of shares of the Company’s common stock, and Polomar became the wholly-owned subsidiary of the Company (the "Acquisition").

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Source: SEC EDGAR

accession 0001493152-24-042528

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