Medicale Corp. (MCLE): M&A transaction — Medicale Corp. changes control; Magenta Acres acquires 54% stake; CEO replaced

Medicale Corp.

Borisi Alborovi sold 3,200,000 shares to Magenta Acres, Inc., giving Magenta ~54% ownership and ability to control Board and shareholder matters.
Alborovi resigned as sole officer and director; Chen Zu De appointed CEO, Chairman, Treasurer, Secretary, and Director.
Chen Zu De previously VP Finance at Zhejiang Rongye Building Materials until Oct 2022; holds degree in Math and Statistics.
Corporate address changed to 9314 Forest Hill Blvd #929, Wellington, FL 33411.

item 5.01 item 5.02 item 8.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Chen Zu De

Chief Executive Officer, Chairman of the Board, Treasurer and Secretary, and Director

MCLE · Medicale Corp.

Effective: 2023-01-09
Filed: January 9, 2023, 6:59 PM ET

Chen Zu De was appointed as Chief Executive Officer, Chairman of the Board, Treasurer and Secretary, and Director of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Chen Zu De was appointed as Chief Executive Officer, Chairman of the Board, Treasurer and Secretary, and Director at Medicale Corp..

Action: appointed
Role: Chief Executive Officer, Chairman of the Board, Treasurer and Secretary, and Director

Exact text from the filing

Chen Zu De was appointed as Chief Executive Officer, Chairman of the Board, Treasurer and Secretary, and Director of the Company.

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Medicale Corp. underwent a change of control involving Borisi Alborovi, Magenta Acres, Inc. for Not disclosed (closed 2022-12-28).

Action: change of control
Counterparty: Borisi Alborovi, Magenta Acres, Inc.
Consideration: Not disclosed
Closing: 2022-12-28

Exact text from the filing

Effective December 28, 2022, Borisi Alborovi, the previous majority shareholder of Medicale Corp. (the “Company”), entered into a stock purchase agreement for the sale of 3,200,000 shares of Common Stock of the Company (the “Shares”) to Magenta Acres, Inc.

View on SEC.gov

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Medicale Corp. filing history →

Source: SEC EDGAR

accession 0001683168-23-000113

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