M&A
confidence high
sentiment neutral
materiality 0.65
BlueOne Card, Inc. (BCRD): M&A transaction — BlueOne Card acquires 60% of Millennium EBS for 2.1M shares and $500k cash; Matthew joins board
BlueOne Card, Inc.
- Acquired 3.6M shares (60%) of Millennium EBS from sole shareholder Shinto Matthew.
- Consideration: 2.1M unregistered BCI common shares plus $500k cash payable within 90 days (30-day grace period).
- Closing effective Dec 13, 2024 after filing Articles of Exchange; MEI becomes subsidiary.
- BOD expanded to four; Shinto Matthew appointed director to fill vacancy.
- BCI had 12.1M shares outstanding pre-deal; 2.1M new shares represent ~17% dilution.