MergerJun 29, 2026, 08:32 AM
TOMI Environmental Solutions to Merge with Carbonium Core
AI Summary
TOMI Environmental Solutions, Inc. announced a merger agreement with Carbonium Core, Inc., a developer of graphite and rare earth metals for advanced nuclear and defense applications. The transaction, expected to close in Q3 2026, will result in Carbonium shareholders owning approximately 90% of the combined company's common stock after conversion of preferred shares. The merger aims to transform TOMI into a publicly traded company focused on the nuclear energy supply chain, enhance its financial condition, and regain NASDAQ compliance.
Key Highlights
- TOMI Environmental Solutions to merge with Carbonium Core, Inc.
- Carbonium shareholders to own approximately 90% of combined company's common stock post-conversion.
- Transaction expected to close during the third quarter of 2026.
- Closing conditions include a financing of at least $10 million and NASDAQ listing approval.
- Merger provides strategic entry into the high-growth nuclear energy sector and critical materials supply chain.
- Expected to enhance TOMI's financial condition and facilitate NASDAQ listing compliance.
- Combined company plans cross-platform technology integration, leveraging Carbonium's materials for TOMI's products.
- Focus on domestic production of nuclear-grade graphite and rare earth metals.
Price Impact
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