M&A
confidence high
sentiment neutral
materiality 0.85
IMA Tech (IMAA): M&A transaction — Inderjit Mangat acquires 57.47% voting control of IMA Tech from Wang Hui for $300K
IMA Tech
- Mangat bought 1,500,000 shares (57.47%) from Wang Hui for $300,000 ($75k cash + $225k secured note).
- Wang Hui resigned as Sole Director, CEO, President, Treasurer, Secretary; Mangat appointed to all roles.
- Mangat, 65, former UNIX Network Administrator for U.S. Dept of War; now operates Amar Capital Corp real estate firm.
- Secured note payments: $112,500 due July 15, 2026 and $112,500 due August 15, 2026; shares pledged as collateral.