Demand Brands Inc. (DMAN)

[Long_shortguy]

From the CEO Letter:The acquired businesses collectively generated a revenue of $4.1 million and $1.4 million in adjusted EBITDA in 2020 & 2021, respectively, based on CF3's unaudited financials.

From the annual https://www.otcmarkets.com/otcapi/company/financial-report/326026/content

On March 7, 2022, the Company announced it had completed the acquisition of CF3 SPV I, LLC, ("CF3"), in an all-stock transaction. CF3's unit holders will receive convertible Series E Preferred shares. that will be valued between USD 250 to 550 million, subject to an audit and valuation being prepared by Stanton Park Advisors LLC. CF3 currently generates more than USD 28 million in annual revenue at its current run rate.


Could not find conversion ratio for series E