Polomar Health Services Reports Altanine Merger, ForHumanity Deal Ends
Polomar Health Services, Inc. (PMHS) detailed its ongoing strategic initiatives, including the completed merger with Polomar Specialty Pharmacy, LLC, a name change, and a 1-for-10 reverse stock split. The company also announced the intent of ForHumanity Health, Inc. to terminate their Product Fulfillment and Distribution Agreement for VigorAir™, a significant setback. Additionally, PMHS is pursuing a merger with Altanine Inc., which is still pending and, if completed, would result in Altanine stockholders owning approximately 80% of the combined entity and a new management structure. The company acknowledges its status as a development-stage entity with a history of losses, an unproven business plan, and identified material weaknesses in internal controls.
Key Highlights
- Polomar Health Services (formerly Trustfeed Corp.) merged with Polomar Specialty Pharmacy, LLC on September 30, 2024.
- Company changed name to Polomar Health Services, Inc. and effected a 1-for-10 reverse stock split on November 1, 2024.
- ForHumanity Health, Inc. advised intent to terminate and rescind the Product Fulfillment and Distribution Agreement for VigorAir™ (inhaled sildenafil).
- Company entered an Agreement and Plan of Merger and Reorganization with Altanine Inc. on July 23, 2025, which has not yet closed.
- Post-Altanine merger, former Altanine stockholders are expected to own approximately 80% of common stock, and a new management team will be appointed.
- Polomar Health Services is a development stage company with a limited operating history, significant losses, and an unproven business plan.
- Management and independent auditors identified material weaknesses in internal controls.
- Company plans to launch SlimRx™ online weight loss platform in Q2 2026, with prescriptions fulfilled by Polomar Pharmacy.