Verde Bio Holdings, Inc. (VBHI) has released an update.
Verde Bio Holdings, Inc. has entered into a merger with SensaSure Technologies Inc. and Formation Minerals Inc., with an agreement to issue Spartan Capital Securities, LLC 5 million shares, guaranteeing them a 5.1% ownership post-merger. An amendment to the merger agreement extended the closing deadline to June 30, 2024, and further detailed the share issuance to Spartan. The companies have also prepared relevant SEC filings and proxy statements to inform investors and are navigating through potential legal and regulatory hurdles. The deal, packed with future growth expectations, is subject to customary risks associated with mergers and acquisitions.
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