MergerMay 5, 2026, 01:36 PM
Leef Brands Completes SHI Merger; Issues 12.6M Shares, $10K Cash
AI Summary
Leef Brands Inc. announced the completion of its merger with SHI. As consideration, the company issued 12,592,960 common shares to SHI's senior preferred stockholders and paid $10,000 in cash to other SHI stockholders. Additionally, Leef Brands issued 1,095,040 common shares and warrants for 547,520 common shares to certain executive officers of SHI who were retained by the company. All these securities were issued in unregistered sales.
Key Highlights
- Leef Brands Inc. completed the merger of SHI.
- Issued 12,592,960 common shares to SHI's senior preferred stockholders.
- Paid $10,000 in cash to SHI's common and series seed preferred stockholders.
- Issued 1,095,040 common shares to retained SHI executive officers and affiliates.
- Issued warrants to purchase 547,520 common shares at CAD$0.25 to retained officers.
- Merger shares are subject to a 12-month lock-up agreement.
- All issued shares and warrants were unregistered under Section 4(a)(2) of the Securities Act.