Plasma Innovative acquires ESG Inc., exits cold plasma for plant-based food

ESG Inc.

Acquired 100% of ESG on Nov 6, 2023; issued 10,432,800 PMIN shares to ESG shareholders.
Transaction accounted for as recapitalization with ESG as accounting acquirer.
ESG owns 74.52% of Chinese operating subsidiary AUFP via Hainan ESG.
PMIN ceased cold plasma agriculture operations; new focus on sustainable plant-based ingredients.
Company elects extended transition period under JOBS Act as emerging growth company.

item 1.01 item 2.01 item 3.02 item 5.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

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

ESG Inc.: Company changed 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. The Board of Directors of the Company approved this change to the fiscal year end on August 31, 2023.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ESG Inc. entered into Share Exchange Agreement with ESG Inc. and its shareholders (effective 2023-11-06).

Action: entry
Agreement: merger
Counterparty: ESG Inc. and its shareholders
Effective: 2023-11-06

Exact text from the filing

Share Exchange Agreement”) with ESG Inc. (“ESG”), a Nevada corporation, and the shareholders of ESG (the “ESG Shareholders”), whereby One Hundred Percent (100%) of the ownership interest of ESG was exchanged for 10,432,800 shares of common

View on SEC.gov

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

ESG Inc. filing history →

Source: SEC EDGAR

accession 0001520138-23-000484

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