Business
TransGlobal Assets Inc. (OTCID: TMSH) Announces Mutual Termination of MindWell Solutions Group Transaction, Completion of Strategic Share Exchange with M Love Vintage Holdings, Inc., and Corporate Governance Updates
TransGlobal Assets Inc. (OTCID: TMSH) Announces Mutual Termination of MindWell Solutions Group Transaction, Completion of Strategic Share Exchange with M Love Vintage Holdings, Inc., and Corporate Governance Updates.
About this update from Transglobal Assets, Inc.
[{"type":"text","content":"\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\np.p1 {margin: 0.0px 0.0px 8.0px 0.0px; font: 12.0px 'Times New Roman'; color: #000000}\r\np.p2 {margin: 0.0px 0.0px 8.0px 0.0px; font: 12.0px 'Times New Roman'; color: #000000; min-height: 15.0px}\r\nspan.s1 {text-decoration: underline ; color: #0000e9}\r\n\r\n\r\n\r\nCheyenne, Wyoming — February 25, 2026 — TransGlobal Assets Inc. (OTCID: TMSH) (“TransGlobal” or the “Company”), a Wyoming corporation, announces the completion of several strategic corporate actions designed to simplify its capital structure, refocus corporate direction, and advance long-term shareholder value.\r\nMutual Termination of MindWell Solutions Group Transaction\r\nThe Company confirms that it has entered into a Mutual Termination, Rescission and Stock Issuance Agreement with Michael Berman and MindWell Solutions Group LLC (“MindWell”), formally terminating and unwinding the Share Purchase Agreement originally executed on March 5, 2025.\r\nUnder the executed termination agreement:\r\nThe original Share Purchase Agreement has been rescinded by mutual consent;\r\nOwnership of MindWell Solutions Group LLC has been restored to Michael Berman;\r\nTransGlobal has relinquished all ownership and economic interests in MindWell;\r\nAny consideration issued or deemed issued under the original transaction has been returned, canceled, or waived;\r\nAll obligations arising from the prior agreement, including operational and performance provisions, are terminated.\r\nCancellation of Series M Preferred Shares\r\nThe Company confirms the cancellation and retirement of 450,000 Series M Preferred Shares previously issued to Data Specialist Group LLC, acting as a nominee entity.\r\nThe Board of Directors unanimously ratified:\r\nThe original issuance direction;\r\nNominee status acknowledgment;\r\nWritten request for cancellation; and\r\nRetirement of the shares to treasury.\r\nThese shares have been removed from the issued and outstanding share count.\r\nNew Series M Preferred Share Issuances\r\nFollowing the cancellation, the Company completed new issuances of Series M Preferred Shares pursuant to independent corporate actions:\r\n12,334 shares — Paul Khan\r\n12,334 shares — Kenneth Williams\r\n24,668 shares — Reno Calabrigo\r\n400,664 shares — Maddy’s Legacy LLC, pursuant to the Share Exchange Agreement relating to M Love Vintage Holdin...