Healthy Extracts Inc. cancelled the acquisition of Hyperion, L.L.C. and Online Publishing & Marketing, LLC.
April 17, 2024
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Healthy Extracts Inc. (OTCPK:HYEX) entered into an acquisition agreement to acquire Hyperion, L.L.C. and Online Publishing & Marketing, LLC for $4.3 million on January 13, 2023. The closing of the acquisition will take place following the satisfaction of certain closing conditions, including a capital raise of at least $4,000,000 and the commencement of trading, or approval for the commencement of trading, of our common stock on the Nasdaq Capital Market. The total purchase price for the acquisitions will be $1,750,000 in cash, $1,300,000 in the form of secured promissory notes, and $1,250,000 worth of our common stock (based on a 30% premium to the price paid per share of common stock in the above-referenced capital raise, but in no event more than ninety percent (90%) of the volume weighted average price for our common stock for the ninety (90) trading days up to and including the trading day immediately before the day the price is finally determined for securities sold in the capital raise).The transaction is expected to close on March 31, 2023. Parsons Behle & Latimer and Clyde Snow & Sessions, P.C. acted as legal advisor to Healthy Extracts Inc.
Healthy Extracts Inc. (OTCPK:HYEX) cancelled the acquisition of Hyperion, L.L.C. and Online Publishing & Marketing, LLC on April 18, 2024.
Healthy Extracts, Inc. is a platform for acquiring, developing, researching, patenting, marketing, and distributing plant-based nutraceuticals. The Company, through BergaMet NA, LLC and Ultimate Brain Nutrients, LLC markets and sells health supplemental products. Its segments include Health Supplements and Corporate. It develops, manufactures, and distributes bergamot-based products (BPF) in tablet and capsule under BergaMet Pro+, BergaMet Mega+O, BergaMet HERHEART, BergaMet Cholesterol Command, BergaMet SPORTSHEART and BergaMet CLINICAL IMMUNE. BPF Bergamet products are distributed in North America that contain Citrus Bergamot SuperFruit. Its BergaMet products are certified organic, vegan friendly, non-GMO and gluten-free. Its UBN develops plant-based health technology neuro-products to improve brain health, including memory, cognition, focus and neuro-energy. Its brain health products are sold under various product labels, including UBN ACTIVATE, UBN RELIEF, and Brain Activate-Gel.