16 May 2024listing compliance notice▼ BadMajor
VERDE BIO HOLDINGS, INC. deregistered its securities, ending its obligation to file reports with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
13 May 2024securities registration● Neutral
VERDE BIO HOLDINGS, INC. amended an already-effective registration statement.
13 May 2024business combination● NeutralMajor
The merger closed: Verde Bio Holdings' stockholders received SensaSure shares (about 1 SensaSure share per 300.47 Verde shares), Verde was then merged into SensaSure, and the combined company was renamed "Formation Minerals, Inc." CEO Scott Cox departed, ending Verde Bio Holdings' nearly four-year run as an independent public oil and gas royalty company.
13 May 2024securities registration● Neutral
VERDE BIO HOLDINGS, INC. amended an already-effective registration statement.
13 May 2024director interest notice● Neutral
VERDE BIO HOLDINGS, INC. Chief Executive Officer Scott Cox disposed of 39,019,780 shares via option/appreciation-right settlement.
13 May 2024securities registration● Neutral
VERDE BIO HOLDINGS, INC. amended an already-effective registration statement.
13 May 2024listing compliance notice▼ Bad
VERDE BIO HOLDINGS, INC. withdrew a registration statement, abandoning the offering it covered.
13 May 2024securities registration● Neutral
VERDE BIO HOLDINGS, INC. amended an already-effective registration statement.
8 May 2024listing compliance notice▼ Bad
VERDE BIO HOLDINGS, INC. withdrew a registration statement, abandoning the offering it covered.
24 Apr 2024merger communication▼ BadMajor
The SEC declared the merger's S-4 registration statement effective, and a May 9, 2024 shareholder vote was scheduled; the deal structure was clarified so SensaSure survives and takes the name "Formation Minerals, Inc." -- and the combined company now expects to keep trading on the OTC market rather than uplisting to Nasdaq as originally hoped, a step down from the deal's initial framing.
26 Mar 2024asset acquisition disposition● Neutral
Verde Bio divested 100% of certain mineral and royalty interests for $272,000, continuing to tidy its portfolio ahead of the merger closing.
25 Mar 2024quarterly activities report▼ Bad
VERDE BIO HOLDINGS, INC. reported a quarterly net loss of $1.5 million for the period ended 2024-01-31.
18 Mar 2024late filing notice▼ Bad
VERDE BIO HOLDINGS, INC. notified the SEC that its quarterly report would be filed late.
5 Mar 2024merger communication● NeutralMajor
SensaSure and Verde Bio jointly announced the filing of a Form S-4 registration statement with the SEC for the pending merger, a required step toward the shareholder vote.
1 Mar 2024auditor change● Neutral
Verde Bio switched auditors from Sadler, Gibb & Associates to Fruci & Associates II ahead of the pending merger, with no disagreements on the prior clean audits.
13 Feb 2024business combination● NeutralMajor
The SensaSure merger agreement was amended to extend the closing deadline from February to June 2024, and confirmed that advisor Spartan Capital Securities will receive roughly 5% of the combined company's stock for its services on the deal.
5 Jan 2024securities registration● Neutral
VERDE BIO HOLDINGS, INC. amended a filing by which it registered a securities offering with the SEC.
22 Dec 2023securities registration● Neutral
VERDE BIO HOLDINGS, INC. amended a filing by which it registered a securities offering with the SEC.
20 Dec 2023material agreement● Neutral
Verde Bio settled a $525,000 personal loan from its own CEO, Scott Cox, by transferring him a company-owned property in Jackson County, Texas in full satisfaction -- a related-party debt-for-asset swap ahead of the pending merger.
15 Dec 2023business combination▲ GoodMajor
Verde Bio agreed to merge into a subsidiary of SensaSure Technologies, with Verde shareholders receiving SensaSure stock; the combined company was expected to pursue a Nasdaq listing -- a deal aimed at giving Verde's growing oil and gas mineral business a bigger public platform.
15 Dec 2023merger communication▲ GoodMajor
Verde Bio filed a parallel Rule 425 copy of the same-day announcement that it had agreed to merge with SensaSure Technologies, required because the deal involves a stock exchange and proxy solicitation.
15 Dec 2023quarterly activities report▼ Bad
VERDE BIO HOLDINGS, INC. reported a quarterly net loss of $351 thousand for the period ended 2023-10-31.
14 Dec 2023securities registration● Neutral
VERDE BIO HOLDINGS, INC. amended a filing by which it registered a securities offering with the SEC.
5 Dec 2023material agreement● Neutral
Verde Bio sold off its royalty interests in Louisiana, Ohio and Wyoming properties to Carolina Natural Resource Group for $150,000, tidying up smaller or out-of-focus positions.
1 Dec 2023securities registration● Neutral
VERDE BIO HOLDINGS, INC. amended a filing by which it registered a securities offering with the SEC.
3 Nov 2023securities registration● Neutral
VERDE BIO HOLDINGS, INC. registered a securities offering with the SEC.
18 Oct 2023securities registration● Neutral
VERDE BIO HOLDINGS, INC. amended an already-effective registration statement.
13 Oct 2023capital raising announcement▼ Bad
Verde Bio took a third note from 1800 Diagonal Lending LLC, $97,750 at 11% interest, maturing July 2024 - continued reliance on small convertible-note financing even as its cash-funded royalty acquisitions grew larger.
10 Oct 2023securities registration● Neutral
VERDE BIO HOLDINGS, INC. amended a filing by which it registered a securities offering with the SEC.
4 Oct 2023director interest notice● Neutral
VERDE BIO HOLDINGS, INC. CEO Scott Cox bought 6,099,995 shares on the open market.