M&A
confidence high
sentiment positive
materiality 0.75
Stemtech signs LOI for reverse takeover of Eevia Health and merger with Viago; aims for 85% stake in Eevia
Stemtech Corp
- Non-binding LOI for RTO: Stemtech/Viago to acquire Eevia Health (Swedish-listed) by issuing shares; Stemtech to own ~85% of combined entity.
- Merger agreement with Seacret Direct/Viago: Stemtech to issue 13M preferred shares (stated value $2.50) convertible into 50% of fully diluted common stock.
- Combined entity expects to double Stemtech revenue in 2025 through cost synergies and expanded product portfolio.
- Viago/Stemtech operates in 40+ countries with 250,000+ members; Eevia has production facility in Finland.
- Closing conditions include audit of Viago, stockholder approvals, and negotiation of definitive agreements; if not closed by June 25, 2025, can terminate.