MergerJul 7, 2026, 05:16 PM
Aeternum Health Completes Merger, Changes Name, Shifts Business Focus
AI Summary
Aeternum Health, Inc., formerly Shorepower Technologies, Inc., announced the completion of its merger with Aeternum Health LLC on June 30, 2026. As part of the merger, the company changed its name and trading symbol to AETN, appointed Paul Mann as the new President/CEO and sole director, and issued 49,000,000 common shares and 2,000,000 Series B preferred shares to Mr. Mann. The company will now focus on critical mineral mining and developing longevity and optimal health solutions, spinning out its previous transportation electrification assets. Authorized shares were increased to 250 million to support the new business plan.
Key Highlights
- Merger between Shorepower Technologies and Aeternum Health LLC completed on June 30, 2026.
- Shorepower changed its name to Aeternum Health, Inc. and trading symbol to AETN.
- Jeff Kim resigned as President/CEO/Director; Paul Mann appointed President/CEO and sole director.
- Shorepower issued 49,000,000 common shares (51% ownership) and 2,000,000 Series B preferred shares to Paul Mann.
- Aeternum Health assets transferred, including at least $1,500,000 in critical minerals/longevity IP and $300,000 cash.
- New business focus on critical mineral mining and longevity/optimal health solutions.
- Authorized shares increased from 100 million to 250 million.
- Outstanding securities: 96,105,204 common shares and 2,000,000 Series B preferred shares.
Price Impact
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