M&A
confidence high
sentiment negative
materiality 0.80
Aeternum Health completes reverse merger with Shorepower; new focus on critical minerals and longevity
SHOREPOWER TECHNOLOGIES INC.
- Merger closed June 30, 2026; Shorepower issued 49M shares (51% ownership) and 2M Series B preferred (40 votes each) to Paul Mann.
- Paul Mann appointed President, CEO and sole director; Jeff Kim resigned.
- Company to spin out transportation electrification assets; new focus on critical minerals mining and longevity products.
- Aeternum Health contributed at least $1.5M in assets (mineral sources, peptide IP) and $300K cash.
- Company has accumulated deficit of $8.4M, no revenue, and substantial doubt about going concern.