Business
RegalWorks Media Finalizes Acquisition of Pure Rudi
RegalWorks Media Finalizes Acquisition of Pure Rudi.
About this update from Regalworks Media, Inc
[{"type":"text","content":"On March 1, 2022, RegalWorks Media, Inc. (\"RegalWorks”) completed its acquisition of 100% of Pure Rudi, LLC, (\"Pure Rudi\") a premium U.S. based business that includes the production and distribution of products that are plant-based nutraceuticals offering health and wellness to customers. Based in Maryland, Pure Rudi utilizes rare, organic all-natural ingredients in its proprietary dietary supplements and topical products. Pure Rudi has perfected a product that it believes may offer customers relief from pain, inflammation, insomnia, stress, and anxiety caused by arthritis and other immunocompromised diseases and ailments. RegalWorks will remain the parent company, operating as a holding company for Pure Rudi, which will operate as a wholly owned subsidiary.At closing, RegalWorks issued 240 million shares of its common stock to the members of Pure Rudi in exchange for 100% of each of their membership interests. Issuance of the common stock was made in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended. The current directors of RegalWorks will remain on the Board of Directors. Tomi Holden will move to President of RegalWorks from her current position as CFO. Dan Galluzzo will join the Board of Directors of RegalWorks, replacing Dane West and will be its Chief Operating Officer. Dane West has resigned from the Board of Directors, and all held positions.","length":1587,"tagName":"div"}]