The offer would deposit intoADTM the total of $20 million in cash and securities in exchange for 100% of the Company.
The cash amount could be capped at $100,000 or less to pay for legal and accounting fees associated with this transaction and to see some legal actions concluded.
ADTM would continue to trade as a public company but would be a subsidiary of PlutusX
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ADTM has seen its share price plummet from $3.00 per share to a fraction of a penny today
ADTM could receive shares ofPlutusX in exchange for 100% of the ADTM capital stock.
The exchange of shares would be managed by PlutusX
The closing would occur when PlutusX receives a total of 60% of the outstanding ADTM shares on exchange.
All shares exchanged for PlutusX shares would bear a 144 restrictive legend and all ADTM shareholders would be able to exchange their shares within 30 days of closing date
In the event they opt not to exchange their shares the shareholders would remain as shareholders of ADTM with their current amount of shares.
ADTM - Company has secured approximately $50 million
"Company has secured approximately $50 million from a mix of domestic hedge funds and foreign institutional investors to be redeployed to the most promising companies in the cannabis industry."