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GenFlat closes $7M public offering of 2.33M shares at $3.00; OTCQB uplisting approved
Underwritten public offering of 2,333,333 shares at $3.00/share closed Feb 4, 2026; gross proceeds $7.0M, net $6.46M.
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GenFlat enters amended employment agreements for three top executives; terms tied to planned public offering
President Garrett Hall: base salary $150k (rises to $275k after public offering), bonus up to $137.5k, 330k RSUs vesting Feb 28, 2026.
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GenFlat appoints new CFO, CCO, expands board to 5; COO resigns immediately
CEO Drew Hall salary to rise from $180K to $275K/yr after public offering; severance 12 months base.
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HBR completes reverse merger with GenFlat, shifts to collapsible container business; auditor flags going concern
HBR acquired 97.22% of GenFlat shares for 1,043,847,000 HBR shares; 11M HBR shares canceled.
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Healthcare Business Resources completes reverse merger with GenFlat; shifts to collapsible marine containers
Closed share exchange on Dec 20, 2023: issued 1,043,847,000 shares (98% of post-merger equity) for 97.22% of GenFlat stock.
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Healthcare Business Resources to acquire GenFlat in reverse merger; GenFlat shareholders get 98% of HBR
HBR to issue 98% of its outstanding shares to GenFlat shareholders in exchange for at least 97.1% of GenFlat stock, making GenFlat a subsidiary.
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Healthcare Business Resources increases authorized shares from 200M to 2.5B
Stockholders approved amendment on Sep 8, 2023; filed with Delaware Secretary, effective Oct 16, 2023.
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Healthcare Business Resources dismisses Marcum, names BF Borgers as auditor; going concern cited
Dismissed Marcum LLP as independent auditor on Dec 15, 2021; Board unanimously approved.