Superlatus, Inc. And TRxADE HEALTH, Inc. Sign Definitive Merger Agreement To Create A Global Strategic Platform For Food And Healthy Snack Marketplace And Distribution
Portfolio Pulse from Happy Mohamed
Superlatus, Inc., a U.S.-based food products holding company, has signed a definitive agreement to be acquired by TRxADE HEALTH, Inc. (NASDAQ:MEDS), a pharmaceutical exchange platform provider. Upon closing, Superlatus shareholders will receive an aggregate of 173,463 shares of MEDS stock. MEDS plans to divest its existing operating business and assets shortly after the merger. The combined company will focus on creating a global consolidation platform for the food and healthy snack industry.
June 30, 2023 | 12:09 pm
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TRxADE HEALTH, Inc. is acquiring Superlatus, Inc. and plans to divest its existing business and assets post-merger. The new focus will be on the food and healthy snack industry.
The acquisition of Superlatus by TRxADE HEALTH could potentially increase the value of MEDS stock as the combined company will focus on the growing food and healthy snack industry. However, the divestment of MEDS' existing business could introduce some uncertainty.
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