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Minim | 425: Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions

SEC ·  Mar 13 23:58
Summary by Futu AI
On March 13, 2024, Minim, Inc. (NASDAQ: MINM) announced a definitive merger agreement with e2Companies, LLC, a privately held company. The all-stock transaction is set to create a NASDAQ-listed entity focused on Automated Grid Stability through proprietary products and services. The merger is expected to close in the second quarter of 2024, with the resulting company to operate under the name e2Companies, Inc. and trade on the Nasdaq Capital Market. Post-merger, e2Companies will become a wholly owned subsidiary of Minim, with e2Companies' common unit holders owning approximately 97% of the combined entity on a fully diluted basis, and Minim's securityholders owning about 3%. The combined company will be headquartered in Bonita Springs, FL, and led by James Richmond, the current CEO of e2Companies. The Board of...Show More
On March 13, 2024, Minim, Inc. (NASDAQ: MINM) announced a definitive merger agreement with e2Companies, LLC, a privately held company. The all-stock transaction is set to create a NASDAQ-listed entity focused on Automated Grid Stability through proprietary products and services. The merger is expected to close in the second quarter of 2024, with the resulting company to operate under the name e2Companies, Inc. and trade on the Nasdaq Capital Market. Post-merger, e2Companies will become a wholly owned subsidiary of Minim, with e2Companies' common unit holders owning approximately 97% of the combined entity on a fully diluted basis, and Minim's securityholders owning about 3%. The combined company will be headquartered in Bonita Springs, FL, and led by James Richmond, the current CEO of e2Companies. The Board of Directors will consist of seven members, including two designated by Minim. The transaction has received approval from both companies' boards and is subject to customary closing conditions, including Minim stockholder approval and the effectiveness of the registration statement on Form S-4. Legal counsel for the transaction is provided by ABZ Law Office for Minim and Haynes and Boone, LLP for e2Companies.

This announcement is a separate document:

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