M&A
confidence high
sentiment neutral
materiality 0.90
Nu-Med Plus completes acquisition of YourSpace America, new CEO and majority control shift
Nu-Med Plus, Inc.
- Nu-Med Plus acquires YourSpace America via share exchange; YSA becomes wholly owned subsidiary as of April 28, 2024.
- Consideration: 4.5M shares of Series A Preferred (convertible to 90M common shares, 20:1 voting) and 1M Series X Preferred (100:1 voting).
- Series X Preferred issued to William R. Colvin, granting him majority voting control of the combined company.
- William R. Colvin appointed President, CEO, and Director; former CEO William Hayde becomes Executive Chairman.
- An audit of YSA for the prior two fiscal years is pending; amended 8-K to be filed upon completion.