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SensaSure Technologies and Verde Bio Holdings File Registration Statement for Previously Announced Merger
SensaSure Technologies and Verde Bio Holdings File Registration Statement for Previously Announced Merger.
About this update from Formation Minerals, Inc.
[{"type":"text","content":"\n LAS VEGAS, March 05, 2024 (GLOBE NEWSWIRE) -- SensaSure Technologies, Inc. (OTCQB: SSTC) (“SensaSure”) and Verde Bio Holdings, Inc. (OTC: VBHI) (\"Verde\" or the \"Company\"), a growing oil and gas company with a focus on the acquisition and management of oil and gas minerals and royalties, today announced the filing of a Registration Statement on Form S-4 (the “Registration Statement”) with the Securities and Exchange Commission (“SEC”) in connection with the previously announced merger between the Company and wholly owned subsidiary of SensaSure (the “Merger”). Verde and SensaSure are working to close the Merger as soon as possible following the satisfaction of all closing conditions, which will create a new OTCQB-listed company focused on the acquisition and management of oil and gas minerals and royalties. “The filing of the Registration Statement is a major milestone for Verde and SensaSure as it signifies another step towards closing,” commented Scott Cox, Chief Executive Officer of Verde. “As a result of the Merger, we believe the combined company will be a well-positioned oil and gas minerals pure play company squarely focused on the acquisition of high quality, cash flowing oil and gas minerals and royalties, an opportunity that we believe all stakeholders in our companies are highly excited about. We look forward to the upcoming closing and diving in headfirst into the tremendous opportunity before us.” Jim Hiza, Chief Executive Officer of SensaSure commented, “We are very excited for this next step towards completing the Merger and are looking forward to increasing stockholder value for the combined company.” The Registration Statement has not yet become effective, is subject review by the SEC and contains a preliminary joint proxy statement/prospectus which provides important information about Verde and SensaSure, as well as the proposed Merger and related transactions. About SensaSure Technologies, Inc. Until November 2023, SensaSure Technologies, Inc. (OTCQB: SSTC) was a medical technology or “MedTech” company that supplied a simple device and method to collect a breath sample for lab-based analysis. Subsequent to the six months ended October 31, 2023, management of SensaSure has been in the process of establishi...