$LGMH Light Media (LGMH) Enters Into LOI https:
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Posted On: 06/29/2024 11:11:45 AM
$LGMH Light Media (LGMH) Enters Into LOI
https://www.otcmarkets.com/stock/LGMH/news/Li...?id=445401
ATLANTA, GA, June 28, 2024.GLOBE Newswire -- Light Media, Inc. (OTC Markets: (LGMH) ("Light Media"
today announced that it has entered into a letter of intent ("LOI" to engage in a strategic merger transaction with Veri Holdings (VRHI) (Veri Holdings" . Veri Holdings operates as a curator of opportunities, transcending conventional boundaries in healthcare via telemedicine and artificial intelligence. For more information, visit: www.VeriHoldings.com.
Veri Holdings intends to raise up to $5 million, led by Network 1 Financial Securities, and uplist the company to a higher exchange (e.g. Nasdaq, NYSE). In this regard, Veri Holdings has retained PCAOB registered auditors and reserved stock symbol (VRHI).
Completion of the transaction is subject to the completion of a definitive agreement and related documentation. The parties anticipate that in connection with the transaction, the shares of Light Media will be combined in a reverse split that is anticipated to range from 1 new share for every existing 20 shares.
After closing (the "Closing" of the anticipated merger, the common stock of the combined company would continue to trade on www.OTCMarkets.com. The company will complete a spin-off and name change to reflect its new focus on global opportunities in Alternative Medicine and Healthcare AI.
https://www.otcmarkets.com/stock/LGMH/news/Li...?id=445401
ATLANTA, GA, June 28, 2024.GLOBE Newswire -- Light Media, Inc. (OTC Markets: (LGMH) ("Light Media"
today announced that it has entered into a letter of intent ("LOI" to engage in a strategic merger transaction with Veri Holdings (VRHI) (Veri Holdings" . Veri Holdings operates as a curator of opportunities, transcending conventional boundaries in healthcare via telemedicine and artificial intelligence. For more information, visit: www.VeriHoldings.com. Veri Holdings intends to raise up to $5 million, led by Network 1 Financial Securities, and uplist the company to a higher exchange (e.g. Nasdaq, NYSE). In this regard, Veri Holdings has retained PCAOB registered auditors and reserved stock symbol (VRHI).
Completion of the transaction is subject to the completion of a definitive agreement and related documentation. The parties anticipate that in connection with the transaction, the shares of Light Media will be combined in a reverse split that is anticipated to range from 1 new share for every existing 20 shares.
After closing (the "Closing"
of the anticipated merger, the common stock of the combined company would continue to trade on www.OTCMarkets.com. The company will complete a spin-off and name change to reflect its new focus on global opportunities in Alternative Medicine and Healthcare AI. 
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