M&A
confidence high
sentiment neutral
materiality 0.75
Yuengling's Ice Cream enters binding LOI to acquire PickleJar assets for 90.5% of Series A preferred stock
Frequency Holdings, Inc
- Acquisition of substantially all assets of PickleJar Holdings; 90.5% of Series A Preferred Stock as consideration.
- Buyer to pay $50,000 for legal fees and to extinguish a $40,675 promissory note from Device Corporation.
- Closing targeted by September 30, 2023; exclusivity provision through that date.
- Everett Dickson to resign as sole director; seller's designees to be appointed as officers/directors.
- Dickson to enter consulting agreement for SEC filings and advisory roles.