Yogurtini, LLC and YHI, Inc. and Aspen Leaf Yogurt, LLC acquired U-Swirl, Inc. in a reverse merger transaction.
January 13, 2013 at 11:00 pm EST
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Yogurtini, LLC and YHI, Inc. and Aspen Leaf Yogurt, LLC acquired U-Swirl, Inc. (OTCPK:SWRL) in a reverse merger transaction on January 14, 2013. Under the terms of agreement, U-Swirl will transfer its 60% stake to Rocky Mountain Chocolate Factory Inc. (NasdaqGM:RMCF), parent of Yogurtini, LLC and YHI, Inc. and Aspen Leaf Yogurt, $0.4 million in non-recourse promissory notes and $0.5 million in full recourse promissory notes. Rocky Mountain Chocolate Factory will be represented on the U-Swirl Board of Directors, U-Swirl will continue to be operated by its current management team. Sonny Allison of Perkins Coie LLP acted as the legal advisor for Aspen Leaf Yogurt, LLC and Rocky Mountain. Paragon Capital Partners, LLC acted as the financial advisor for Rocky Mountain Chocolate Factory Inc. Daniel J. Block of Robinson Waters & O'Dorisio, P.C. acted as the legal advisor for U-Swirl, Inc.
Yogurtini, LLC and YHI, Inc. and Aspen Leaf Yogurt, LLC completed the acquisition of U-Swirl, Inc. (OTCPK:SWRL) in a reverse merger transaction on January 14, 2013.
U-Swirl, Inc. is engaged in providing frozen yogurt. The Company offers U-Swirl Frozen Yogurt concept, which offers guests with a choice in frozen yogurt by providing an assortment of non-fat and low-fat flavors, including tart, traditional and no sugar-added (NSA) options and various toppings, including seasonal fresh fruit, sauces, candy and granola. The Company offers a menu to search for flavors, sort columns, and check nutritional information and ingredients. The Company offers Nonfat Frozen Yogurt, Original Tart Frozen Yogurt, Greek Nonfat Frozen Yogurt, Lowfat Frozen Yogurt, Premium Frozen Yogurt, NSA Frozen Yogurt, Frozen Custard and Non-Dairy Sorbet. As of August 31, 2015, the Company had nine Company-owned cafes and 243 franchised cafes. The Company's U-Swirl-n-Go Store franchises are limited-product stores within non-traditional locations, such as convenience stores, airports, hotels and other mass gathering areas. The Company's subsidiary is U-Swirl International, Inc.