20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Minim, Inc. (NASDAQ:MINM) shares are jumping premarket today after the company disclosed a definitive merger agreement with privately held e2Companies, LLC in an all-stock transaction for an undisclosed amount.
As per the terms of the agreement and Plan of Merger, e2Companies will merge with and into a wholly owned subsidiary of Minim, and as the surviving entity, it will become a wholly owned subsidiary of Minim.
At the effective time of the merger, each common unit of e2Companies issued and outstanding will be converted into common stock of Minim based on a fixed exchange ratio, with any resulting fractional shares to be rounded to the nearest whole share.
Interest holders of e2Companies will own around 97% of the combined company, and security holders of Minim will own about 3% of the combined company on a fully diluted basis.
The combined company will focus on continuing to drive proprietary solutions for grid modernization and is expected to operate under the name e2Companies, Inc., and trade on the Nasdaq Capital Market.
The transaction is expected to close in the second quarter of 2024.
James Richmond, CEO and President of e2Companies, said, “This agreement comes at a pivotal time for e2Companies as we advance the commercialization of our technology platform. The aging infrastructure of our country’s grid and the increased need for demand-side innovation is critical. Our merger with Minim should allow us to accelerate AI data-driven networking solutions for the people that need it most, our customers.”
David Lazar, Co-CEO of Minim, commented, “After running a very thorough merger process, we are extremely excited to announce this transaction. We believe that e2Companies could disrupt the energy sector by providing Grid 3.0 energy solutions.”
Price Action: MINM shares are up 39.52% at $6.99 premarket on the last check Wednesday.
Photo via Shutterstock
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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