Fintech Scion Ltd: M&A transaction — HWGC Holdings closes acquisition of Fintech Scion, issues 101.7M shares, gaining control

Fintech Scion Ltd

Acquired all outstanding shares of Fintech Scion in exchange for 101,666,666 shares of HWGC common stock.
Fintech becomes wholly owned subsidiary; offers payment gateway and eCommerce solutions.
Change of control: Fintech shareholders own ~51.2% of HWGC on fully diluted basis.
Company waived S-4 registration requirement; securities were unregistered in the transaction.
Financial statements and pro forma information to be filed within 71 days.

Key facts

Extracted from this filing and checked against the source text.

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

Fintech Scion Ltd completed an acquisition involving Fintech Scion Limited and the shareholders of Fintech for 101,666,666 shares of common stock (closed 2022-11-30).

Action: acquisition
Counterparty: Fintech Scion Limited and the shareholders of Fintech
Consideration: 101,666,666 shares of common stock
Closing: 2022-11-30

Exact text from the filing

”), the Company acquired all of the issued and outstanding ordinary shares of Fintech (the “ Fintech Shares ”) from the Fintech Shareholders in exchange for an aggregate of 101,666,666 shares of common stock of the Company (the “ Exchange Shares ”), with each Fintech Shareholder receiving a pro rata portion of the Exchange Shares based upon the total number

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Source: SEC EDGAR

accession 0001753926-22-001513

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