“Management believes that restructuring and resolving these liabilities on more favorable terms positions the Company to move forward with the anticipated closing of its proposed transaction with , which currently has a targeted closing date of June 1, 2026.”
Following completion of the transaction, the combined entity is expected to operate under the name Regen Health Physicians. Management believes the improved balance sheet structure and revised conversion features will better position the combined company to pursue future capital raises in support of Regen Health Physicians' planned business expansion and rollout strategy.
James W. Zimbler, Interim President of the Company, continues to work closely with debt holders, creditors, and legal counsel to facilitate an orderly restructuring process and merger transaction with Regen Health Physicians. Mr. Zimbler is also coordinating closely with Dr. Dhaliwal, CEO of Regen Health Physicians, and their respective legal teams to finalize the transaction on or before the targeted closing date of June 1, 2026.
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