Innovest Global, Inc. (OTCPK:IVST) announced the spin off of stake in StemVax, LLC on March 3, 2020. StemVax will thrive as a stand-alone public company. Dwain Irvin, Founder of StemVax upon spin out will continue to be led as Chief Executive Officer. Dan Martin, Chairman and Chief Executive Officer of Innovest Global, will also act as Chairman of the Board of Directors for the new entity representing shareholder interests. The transaction is expected to complete in mid 2020.