M&A
confidence medium
sentiment neutral
materiality 0.75
Kashin acquires McConnell Technology via 85M share exchange; new CFO and Chairman appointed
Kashin, Inc.
- Issued 85,000,000 common shares for 100% of McConnell Technology LLP membership interests, making McConnell Moran Technology a wholly owned sub.
- Yvonne Stearns appointed CFO, Secretary and Treasurer effective Jan 13, 2025.
- David McConnell appointed Chairman of Board (not a director) effective Jan 13, 2025; Jason Meetsma appointed VP same date.
- McConnell Technology holds MMTC, which is developing thermo-fusion energy MEGS units; no financial terms disclosed.
- Deal intended as tax-free reorganization under IRC Section 368; closing conditions include due diligence satisfaction by Jan 25, 2025.