The Board of EnzymeBioSystems (OTCPK:ENZB) announced the spin-off of Shareholder Acquisition Corp. on January 12, 2017. EnzymeBioSystems will spin-off Shareholder Acquisition Corp as a dividend to its shareholders. Under the terms of the transaction, 24,125 shares of Shareholder Acquisition Corp. will be distributed at a ratio of 1 share of Shareholder Acquisition Corp. capital stock for each 800 shares of EnzymeBioSystems common and preferred stock owned. The record date for the spin-off is January 30, 2017. Once the dividend spin-off takes place, Shareholder Acquisition Corp. will no longer be owned nor managed by EnzymeBioSystems. Shareholder Acquisition Corp. will have different management than EnzymeBioSystems. The Board of Directors and majority shareholders of EnzymeBioSystems approved the dividend spin-off. Globex Transfer, LLC acted as stock transfer agent.