other material
confidence high
sentiment positive
materiality 0.75
Mangoceuticals secures exclusive US/Canada rights to Diabetinol®; 1M shares and royalty
MANGOCEUTICALS, INC.
- Exclusive rights to Diabetinol® in US & Canada; nutraceutical for blood glucose/HbA1c management.
- Consideration: 1M restricted shares (~16% dilution) plus 10% net sales revenue.
- Term perpetual; if <$1.5M sales by Dec 2026, rights become non-exclusive; can extend 12 mo with $5M payment.
- Raised $200k via sale of 80k shares at $2.50/share to accredited investor.
- Clinical study: 14.3% reached HbA1c targets (vs 0% placebo); 83.3% reached SBP goals (vs 60%).