M&A
confidence high
sentiment neutral
materiality 0.85
Nu-Med Plus to merge with YourSpace America; YSA's Colvin to become CEO with majority voting control
Nu-Med Plus, Inc.
- 4,500,000 Series A Preferred shares (20:1 voting, convertible into 20 common each) issued to YSA shareholders at closing.
- 1,000,000 Series X Preferred shares (100:1 voting, non-convertible) issued to YSA CEO Russ Colvin, granting majority voting control.
- Upon closing, Colvin becomes President, CEO, Director; William Hayde named Executive Chairman; Merrell and Robins continue as Directors.
- Closing subject to final due diligence; no purchase price or financial terms disclosed.