M&A
confidence high
sentiment neutral
materiality 0.75
Sentient Brands to acquire AIG F&B in stock earnout deal; AIG has 8 factories in 22 countries
SENTIENT BRANDS HOLDINGS INC.
- Acquires 100% of AIG F&B; AIG operates 8 factories and 170 distributors across 22 countries with organic/kosher certifications.
- Consideration is Sentient common stock with earnout over 5 years based on revenue and EBITDA growth; projected 2025 revenue $45M at 5% EBITDA.
- Management changes: CEO Dante Jones resigns; George Furlan named interim CEO/CFO/director; Eric Bruns and Dionne Pendelton join as independent directors.
- Share issuance capped so no shareholder exceeds 9.999% ownership; 12-month lock-up leak-out for certain parties post-closing.