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Minim | 8-K: Current report

SEC ·  Mar 19 04:13
Summary by Futu AI
On March 12, 2024, Minim, Inc., a technology company incorporated in Delaware, and its subsidiary MME Sub 1 LLC, announced the signing of a Merger Agreement with e2Companies LLC, a Florida-based company. The agreement stipulates that e2Companies will merge with MME Sub 1 LLC, with e2Companies surviving as the merged entity. Upon completion of the merger, e2Companies' common unit holders will receive shares in Minim, Inc., amounting to 97% of the company's fully diluted shares. The merger is subject to conditions including Nasdaq listing approval for the new shares, effectiveness of a registration statement, expiration of the Hart-Scott-Rodino Antitrust waiting period, and stockholder approval for the merger and related actions, including a name change to e2Companies, Inc. The agreement also includes lock-up and support agreements...Show More
On March 12, 2024, Minim, Inc., a technology company incorporated in Delaware, and its subsidiary MME Sub 1 LLC, announced the signing of a Merger Agreement with e2Companies LLC, a Florida-based company. The agreement stipulates that e2Companies will merge with MME Sub 1 LLC, with e2Companies surviving as the merged entity. Upon completion of the merger, e2Companies' common unit holders will receive shares in Minim, Inc., amounting to 97% of the company's fully diluted shares. The merger is subject to conditions including Nasdaq listing approval for the new shares, effectiveness of a registration statement, expiration of the Hart-Scott-Rodino Antitrust waiting period, and stockholder approval for the merger and related actions, including a name change to e2Companies, Inc. The agreement also includes lock-up and support agreements, restricting the sale of shares by e2Companies' unitholders for 180 days post-merger, and securing voting support from certain Minim stockholders. The merger is expected to close by June 15, 2024, with provisions for a 30-day extension under certain circumstances. The SEC will be provided with relevant materials, including a registration statement and a consent solicitation or proxy statement. Investors and stockholders are advised to read these materials once available before making any decisions regarding the merger.

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