m_and_a
confidence high
sentiment neutral
materiality 0.90
Protagenic Therapeutics acquires Phytanix Bio in share exchange, appoints new CEO and directors
Protagenic Therapeutics, Inc.new
- Acquired 100% of Phytanix Bio common shares from Alterola Biotech and EMC2 Capital as of May 15, 2025
- Issued 117,690 common shares, 5,705 Series C Preferred, 950,000 Series C-1 Preferred, and 20,000 Series D Preferred to Phytanix stockholders
- Appointed Barrett Evans as President and CEO, Colin Stott as COO and director, and Jennifer Chao as director; Andrew Slee promoted to Chief Development Officer
- Resignations of directors Khalil Barrage, Tim Wright, and Robert Stein effective immediately before closing
- Filed certificates of designation for Series C and C-1 Non-Voting Convertible Preferred Stock on May 15, 2025
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