Verde Bio Holdings, Inc. (VBHI) just unveiled an update.
SensaSure Technologies Inc. successfully merged with Verde, making Verde a wholly owned subsidiary and subsequently changing its name to Formation Minerals, Inc. The merger saw Verde stockholders receive shares of SensaSure’s stock in a predetermined ratio, maintaining their stake in the newly formed entity. Additionally, SensaSure assumed all of Verde’s previous warrant obligations, issuing new warrants to the holders. The merger, which was thoroughly detailed in regulatory filings, received overwhelming approval from stockholders during a special meeting, ensuring a smooth transition and solidifying the strategic consolidation.
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