PMIN completes share exchange to acquire ESG Inc., shifts to China mushroom/agriculture business

ESG Inc.

PMIN issued 10,432,800 shares to ESG shareholders for 100% of ESG; transaction accounted for as recapitalization with ESG as accounting acquirer.
Former ESG shareholders now hold majority of PMIN stock; ESG becomes wholly owned subsidiary.
PMIN ceases cold plasma operations; new business is plant-based ingredients and mushroom production through China subsidiaries.
Operations conducted via PRC subsidiaries (AUFP, Hainan ESG); risks include Chinese regulatory and legal uncertainties.
CSRC legal opinion filed; company states no CSRC approval needed as no offering or listing is involved.

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Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

ESG Inc.: The Company changed its fiscal year end to December 31 to align with ESG (effective 2023-08-31).

Change: fiscal year change
Effective: 2023-08-31

Exact text from the filing

The Board of Directors of the Company voted to change the Company’s fiscal year end to December 31 st in order to align it with ESG.

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89 governance changes filed in the last 30 days. Browse all governance changes →

ESG Inc. filing history →

Source: SEC EDGAR

accession 0001520138-23-000479

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