Scott A. Cox
In addition, at the Second Merger Effective Time, Scott A. Cox, Chief Executive Officer, ceased serving in such positions.
Highest-materiality recent filing
Verde Bio completes merger with SensaSure; new entity Formation Minerals
Merger closed May 9, 2024; Verde stockholders received SSTC common/preferred shares at ~300.47:1 ratio for common and Series A, and 0.15:1 for Series C.
Verde Bio Holdings sells mineral and royalty interests for $272,000 cash
Divested 100% of certain mineral and oil/gas royalty interests to a private buyer for $272,000.
Verde Bio Holdings changes auditor to Fruci & Associates; prior auditor Sadler resigns
Board engaged Fruci & Associates II as new independent registered public accounting firm effective Feb 29, 2024.
Verde Bio extends merger deadline to June 30; issues 5.1% stake to Spartan Capital
Merger termination date extended from Feb 1 to June 30, 2024.
Verde Bio transfers Texas real property to CEO Scott Cox to settle $525,000 loan
Company conveyed two tracts in Jack County, TX (~74 acres) plus improvements, UTVs, and a Ford F-350 to settle a $525,000 loan from CEO Scott Cox.
Verde Bio Holdings enters merger agreement with SensaSure Technologies subsidiary
Agreement signed Dec 11, 2023; Verde Bio to merge into Formation Minerals, a wholly-owned subsidiary of SensaSure Technologies.
Verde Bio sells oil and gas mineral interests in LA, OH, WY for $150K
Sale of 100% mineral/royalty interests in DeSoto Parish (LA), Belmont County (OH), Laramie County (WY) for $150K.
Verde Bio issues $97,750 promissory note at 11% to 1800 Diagonal Lending
Issued a promissory note for $97,750 (including $12,750 OID) at 11% interest, maturing July 15, 2024.
Verde Bio Holdings divests 55% interest in 3 non-core properties for $398,750 cash
Sold 55% of mineral/royalty interests in 3 non-core oil & gas properties to a private buyer.
Verde Bio issues $71,960 promissory note with 12% interest to 1800 Diagonal Lending
Issued $71,960 promissory note (incl. $7,710 original issue discount) to 1800 Diagonal Lending LLC, maturing Jan 9, 2024.
Verde Bio Holdings sells two mineral/oil royalty interests for $1.07M, achieving ~78% profit
Sale of two mineral and oil/gas royalty interests for $1,068,300 cash; closing on or before Oct 21, 2022.
Verde Bio amends securities purchase agreement to correct fiscal year end and rename accounting firm
Amendment dated August 25, 2022 corrects Section 3.1(dd) to specify fiscal year ending April 30, 2022.
Verde Bio issues $200K promissory note at 12% interest to 1800 Diagonal Lending
Promissory note of $200,200 (incl. $21,450 OID) issued to 1800 Diagonal Lending LLC on June 3, 2022.
Verde Bio issues 13M restricted shares to New to the Street Group for media services
Monthly cash payments of $10,000 for 6 months ($60,000 total) plus 13M restricted shares of VBHI.
Verde Bio enters $6M Series C Preferred financing with GHS Investments
Initial close of 125 preferred shares at $1,000 each, raising $125,000; total up to 6,000 shares ($6M).
Verde Bio acquires Haynesville Shale mineral interests for $3.2M cash
Purchase price $3.2M cash; acquisition covers ~5,760 gross acres in Desoto Parish, LA.
Verde Bio terminates LOI for biodiesel facility acquisition; cites debt and capital concerns
Terminated Letter of Intent dated Dec 14, 2021 to purchase biodiesel production facilities from Good Steward Biofuels and Wilson Real Estate & Assets.
Verde Bio acquires Permian Basin mineral interests for $325k; adds $5.5k monthly revenue
Acquired mineral/royalty interests in Howard County, TX, operated by Ovintiv (f/k/a Encana).
Verde Bio signs LOI to acquire two biodiesel plants for $7M total; shifts toward renewables
LOI to buy Fort Myers, FL plant ($4M, appraised $11.6M) and Wilson, NC plant ($3M, appraised $16.6M).
Verde Bio acquires Utica Shale mineral interests for $175k cash
Purchase price $175,000 cash for mineral and oil/gas royalty interests in Belmont County, Ohio.
Verde Bio sells two oil properties for $1.105M, realizing ~84% profit
Sale price of $1.105M for two oil-heavy mineral/royalty interests; expected close by July 23, 2021.
In addition, at the Second Merger Effective Time, Scott A. Cox, Chief Executive Officer, ceased serving in such positions.
Max materiality 0.85 · Median 0.60 · Most common event m_and_a