M&A
confidence high
sentiment neutral
materiality 0.70
Leef Brands Inc. (LEEEF): M&A transaction — Leef Brands completes acquisition of Standard Holdings; issues 12.6M shares and $10K cash
Leef Brands Inc.
- Merger Sub merged into SHI, with SHI surviving as wholly-owned subsidiary of Leef Brands.
- Consideration: 12,592,960 common shares to SHI senior preferred holders; $10,000 cash to common and series seed preferred.
- Merger Shares subject to 12-month lock-up, with one-third released every four months.
- All outstanding SHI stock options and warrants cancelled without consideration at effective time.
- Issued 1,095,040 incentive shares and 547,520 warrants (CAD$0.25, 2-year term) to continuing SHI officers.