M&A
confidence high
sentiment neutral
materiality 0.80
Findit enters definitive merger with BioRegenx; existing shareholders to hold 10% of voting stock
BIOREGENX, INC.
- BioRegenx shareholders will receive common and preferred shares equivalent to 90% of Findit's voting securities.
- Findit Series A and B preferred shares (98.47% voting control) will be retired into treasury.
- Both parties agree to implement up to a 1-for-25 reverse stock split post-merger.
- Merger expected to close in Q1 2023, subject to shareholder and regulatory approvals.
- Combined entity will be renamed BioRegenx, Inc. and apply for a new ticker symbol.