AcquisitionsOct 14, 2026, 09:31 AM
StageWise Strategies Completes Acquisition of TEG SPV LLC; Changes Name to TEG Overseas, Inc.
AI Summary
StageWise Strategies Corp. has completed a significant share exchange transaction, acquiring 99.99999012% of TEG SPV LLC, which now becomes its subsidiary and principal business. The company issued 183,098,434 shares of its Common Stock to the sellers and changed its name to TEG Overseas, Inc. The Concurrent Financing Condition was waived. Concurrently, the company's audited financial statements as of September 30, 2025, reveal a net loss of $74,758 and an accumulated deficit of $112,364, with the auditor expressing substantial doubt about its ability to continue as a going concern.
Key Highlights
- StageWise Strategies Corp. completed a share exchange transaction, acquiring 99.99999012% of TEG SPV LLC.
- The company issued 183,098,434 shares of Common Stock to TEG Parent and the Individual Seller.
- TEG SPV LLC became a subsidiary of StageWise Strategies Corp., with its business becoming the principal business of the Company.
- The company's name changed to TEG Overseas, Inc. upon closing the transaction.
- The Concurrent Financing Condition requiring $18,000,000 in financing was waived by all parties.
- The financial statements for StageWise Strategies Corp. as of September 30, 2025, show a net loss of $74,758 and an accumulated deficit of $112,364.
- The auditor's report for StageWise Strategies Corp. highlights substantial doubt about the Company's ability to continue as a going concern due to accumulated deficit and negative cash flow.
Price Impact
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