StockWatch
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Surgical & Medical Instruments & Apparatus
AcquisitionsJun 30, 2026, 07:07 AM

Nu-Med Plus to Acquire Avid Gold Ltd.

AI Summary

Nu-Med Plus, Inc. entered into a Share Exchange Agreement to acquire 100% of Avid Gold Ltd. The acquisition involves exchanging 4,500,000 shares of Nu-Med Plus Series A Preferred Stock for Avid Gold ownership and assuming a $100,000 promissory note. The closing is targeted for July 8, 2026. Following the acquisition, Nu-Med Plus plans a 1-for-27 reverse stock split, an increase in authorized common stock, and a redomicile from Utah to Nevada, all subject to shareholder approval. Avid Gold itself is acquiring several mineral properties in Canada, which will become part of Nu-Med Plus's assets post-acquisition.

Key Highlights

  • Nu-Med Plus to acquire 100% of Avid Gold Ltd.
  • Consideration includes 4,500,000 shares of Series A Preferred Stock.
  • Nu-Med Plus to assume $100,000 promissory note of Avid Gold.
  • Closing date targeted for July 8, 2026.
  • Post-closing, a 1-for-27 reverse stock split is planned.
  • Authorized common stock to increase from 90M to 500M shares.
  • Company plans to redomicile from Utah to Nevada.
  • Avid Gold is acquiring multiple mineral properties in Canada.