Business
Apollo Biowellness, Inc., Announces Expiration of Letter of Intent, Negotiations Continue
Apollo Biowellness, Inc., Announces Expiration of Letter of Intent, Negotiations Continue.
About this update from Resonate Blends Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Apollo Biowellness, Inc., Announces Expiration of Letter of Intent, Negotiations Continue\r\n \r\n \r\n\r\n\r\nApollo Biowellness, Inc., Announces Expiration of Letter of Intent, Negotiations Continue\r\n\r\n\r\n\r\nNewsfile Corp.\r\n\r\n\r\nNewsfile Corp\r\n\r\n\r\nNorth Bergen, New Jersey--(Newsfile Corp. - January 7, 2026) - Apollo Biowellness, Inc. (OTCID: KOAN) (the \"Company\"), announces that the Letter of Intent between the Company and Revive Regenerative, Inc., dated September 12, 2025, (the \"LOI\") has expired and it no longer in effect.\r\n\r\n\r\nTo view an enhanced version of this graphic, please visit:\r\nhttps://images.newsfilecorp.com/files/10533/279422_3bd62a33d4b12bbb_001full.jpg\r\nThe LOI contained a proposed closing date of October 31, 2025, unless extension was provided in writing by the parties. No such extension was ever provided by either party; therefore, the current Letter of Intent is null and void. There are significant negotiations continuing on newly restructured partnership between the companies, in addition, the Company (Apollo) is actively seeking other opportunities and options that have been presented to it, in addition to the partnership with Revive Regenerative.\r\nAdditionally, the Company is aware of the Legal Issues with respect to Jay Lucas and Lucas Brand Equity. Mr. Lucas was a member of the Board of Directors of the Company for all of 2024. He was formally removed from the Board in March 2025, upon mutually agreeable terms, for business reasons. He has not had any contact or relationship with the Company since March 2025. Lucas Brand Equity had previously contracted with the Company to raise capital for the Company, but only a very minimal amount of money was raised, which is properly noted on the Company's Financials.\r\nLucas Brand Equity and Jay Lucas are in no way legally contractually or affiliated with LB Equity Advisors Inc. LB Equity Advisors, Inc., has no connection of any kind with Mr. Lucas.\r\nThe Company and its legal counsel are investigating any relationship with Mr. Lucas to ensure that the Company was in full compliance in the past with all laws regarding its affiliation with Mr. Lucas.\r\nJames W. Zimbler, President and CEO, stated, \"The Letter of Intent with Revive Regenerative, Inc., has ended, and negotiations on a new partnership continue and...