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 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 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 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 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).
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