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Entheon Announces Execution of Business Combination Agreement with Nutravisor
TMX Newsfile· 2026-01-19 22:28
Core Viewpoint - Entheon Biomedical Corp. has entered into a definitive business combination agreement with Nutravisor Inc., which will result in a reverse takeover of Entheon by Nutravisor and a name change to "STRYK Brands Inc." upon closing of the transaction [1][2][6]. Business Combination Agreement - The business combination will be structured as a "three-cornered amalgamation" involving Entheon, a wholly-owned subsidiary (Subco), and Nutravisor [5]. - The transaction values Nutravisor at a deemed value of $40 million, leading to the issuance of approximately 53,333,333 post-consolidation Entheon Shares to Nutravisor shareholders [5]. - Each Nutravisor shareholder will receive 4.2395 post-consolidation Entheon Shares for each Nutravisor Share held, based on the agreed exchange ratio [5][6]. Financing and Share Consolidation - Nutravisor plans to complete equity financings for gross proceeds of not less than $4 million and up to $10 million [5]. - Entheon will consolidate its shares on a basis of one post-consolidation share for every 6.93 pre-consolidation shares [5]. Regulatory and Approval Process - The completion of the proposed transaction is subject to various conditions, including obtaining conditional approval to list the resulting issuer's shares on the Canadian Securities Exchange (CSE) [3][6]. - Entheon will file a Form 2A Listing Statement with the CSE as part of the process [3]. Shareholder Meeting - An annual general and special meeting of Entheon shareholders will be held to approve the proposed transaction, with the meeting anticipated in March 2026 [10][11]. Management of Resulting Issuer - The board of directors and executive team of the resulting issuer will include a minimum of three directors, with Max Krangle as Chief Executive Officer [12].
Entheon Announces Letter of Intent with Nutravisor Inc.
TMX Newsfile· 2025-12-22 14:30
Core Viewpoint - Entheon Biomedical Corp. has entered into a binding Letter of Intent to acquire all outstanding shares of Nutravisor Inc., aiming to create a combined entity that will continue Nutravisor's business operations [1][2]. Transaction Details - The Proposed Transaction will be executed through a share exchange, merger, or similar method, where Nutravisor shareholders will receive Entheon shares in exchange for their Nutravisor shares [3]. - Entheon will issue 53,333,333 shares to Nutravisor shareholders at a price of $0.75 per share, totaling approximately $40 million post-consolidation [4]. - A share consolidation of approximately 6.93:1 will occur, allocating $1.5 million to Entheon shareholders, with a finder's fee of $500,000 associated with the transaction [4]. Concurrent Offering - Nutravisor may conduct a private placement of up to $5 million prior to or alongside the closing of the Proposed Transaction, with terms based on market conditions [5]. Management and Governance - Post-transaction, Nutravisor's management will lead the Resulting Issuer, with most of Entheon’s current directors resigning and being replaced by Nutravisor-nominated directors [7]. Conditions and Approvals - The completion of the Proposed Transaction is subject to standard conditions, including the execution of a Definitive Agreement expected in January 2026, with a target closing date on or before March 30, 2026 [8][15]. - The transaction is anticipated to be classified as a "Fundamental Change" under CSE Policy 8, leading to a halt in trading of Entheon shares pending regulatory review [9].