other material
confidence high
sentiment neutral
materiality 0.70
NaturalShrimp Inc: M&A transaction — NaturalShrimp changes control, acquires IP from Hydrenesis, appoints new CEO
NaturalShrimp Inc
- Change in control on March 17, 2026 via agreement with Hydrenesis and David Antelo.
- Outstanding debt of ~$1,034,112 to Hydrenesis converted into equity at closing.
- CEO Gerald Easterling, CFO Bill Delgado, COO Tom Untermyer resigned; David Antelo appointed CEO and sole director.
- New Series L, P, and P-2 Preferred Stock authorized; legacy Series A and F preferred restructured/cancelled.
- Company to commercialize aquaculture/water treatment technologies using Hydrenesis transferred IP.