Transaction will provide substantial high growth monetization and product diversification opportunities within the Consumer Products Group
The agreement further provides Limitless X a vehicle to gain exposure to the investment community
LOS ANGELES , May 12, 2022 /PRNewswire/ -- Limitless X Inc., ("the Company") a creative and empowering lifestyle agency that has launched industry-leading products in the dietary and CBD supplement sectors, announced today it has entered into a definitive share exchange agreement with Bio Lab Naturals, Inc., (OTC: BLAB) ("the Company") which operates in the mobile LED screen rental and sales industry
As part of the share exchange agreement, BLAB will issue 97 million shares to Limitless X shareholders at the close of the transaction. An additional 9 million shares will be issued to Limitless X shareholders pro-rata to their interests, which will result in those shareholders owning 90% of BLAB's outstanding shares six months post acquisition.
"We are excited about taking our company public through this vehicle and deliver what we believe will be incredible results to our shareholders," said Jas Mathur , CEO of Limitless X. "Our merger with Bio Labs will provide us the opportunity to gain exposure within the investment community which will be a critical resource for financing and implementing our strategic growth initiatives as we strive to build our brand and presence within the consumer products arena."
Upon completing the proposed acquisition with Bio Lab Naturals, the combined entity will continue to trade publicly under the BLAB ticker symbol. Following the close, an application will be submitted to FINRA to obtain a new symbol. Bio Lab Naturals will carry on its business and core operations, including Prime Time Live, Inc., a Denver, CO -based company that specializes in providing clients with high-resolution mobile LED screens for entertainment, corporate, civic and sporting events.
The Company expects the acquisition to close within the next 7 business days. However, closing of the acquisition is subject to usual terms and conditions and no assurance can be given that the parties will be able to complete the transaction.
Led by venture capitalist and social media personality Jas Mathur , Limitless X boasts an integrated direct-to-consumer model, memorable brands and superior products, and an ambassador network including A-list music stars, movie stars, athletes, and more. With this transaction, the Company anticipates expanding its global eco-system and continuing to provide unique product and service-oriented businesses within the Health & Wellness, Beauty & Skincare, and CBD industries.
About Jas Mathur Jas Mathur is an investor and entrepreneur who has developed multiple brands in the marketing, health and wellness spaces generating tens to hundreds of millions of dollars in revenue each year. The digital marketing and branding firm he founded, Limitless, has launched numerous industry leading products in the dietary and CBD supplement sectors. He is a trendsetter with more than 7 million Instagram followers and frequently collaborates with leaders in the sports and entertainment industries.
Jas' passion is helping accelerate the achievement of people's health, wellness and business goals, inspired by his personal transformation story of losing over 250lbs in his twenties. Now a sought-after expert in developing fitness and training programs, he's helped many high-profile figures embark on their own health journeys and seeks to do the same for today's youth. Suitably, he recently partnered with Dr. Oz's nonprofit, Healthcorps, to jumpstart health and wellness programs targeted at teens and young adults.
As Jas transformed his life and body, he applied his newfound passion for health and wellness to launch Limitless. Prospective services he is blueprinting for the company include personality development, life coaching and educational platforms, in addition to the brand portfolio.
About Limitless X Limitless X is a creative and empowering lifestyle agency specializing in the full spectrum of digital advertising and marketing. The Company has global eco-system with three verticals and a series of unique product and service-oriented businesses within each, focused on the Health & Wellness, Beauty & Skincare, and CBD Industry.
About Bio Lab Naturals, Inc Bio Lab Naturals, Inc., through its subsidiary, Prime Time Live, Inc., provides LED screens to customers throughout the United States . Its high resolution multi-dimensional mobile LED screens are rented for major events as well as sold through a national distributor to customers who are looking to expand their marketing capabilities.
View original content:https://www.prnewswire.com/news-releases/limitless-x-enters-into-definitive-share-exchange-agreement-to-merge-with-bio-lab-naturals-301545806.html
The Dow Jones rallied amid encouraging inflation data. Tesla stock jumped even as CEO Elon Musk issued a warning. Apple stock surged.
As of 12:24 p.m. ET, Aurora shares were still down 38.8%. At the same time, Tilray (NASDAQ: TLRY) shares were down 3.6%, and Hexo (NASDAQ: HEXO) stock was down 5.3%. The plunge in Aurora shares comes as existing shareholders react to a new round of financing that the company said will bring $150 million to the company.
Stop investing in mediocre businesses. Buy the best, instead.
Shares of Moderna (NASDAQ: MRNA) were jumping 7.5% higher as of 11:30 a.m. ET on Friday. Instead, Moderna appears to be benefiting from the overall stock market bounce. Good news for the overall stock market tends to be good news for Moderna.
Ulta shares are up after its big Q1 earnings beat, Aurora Cannabis increased its finance deal to $150 million, and Blackberry stock is surging after news of its partnership with Google.
Julian Bridgen, co-founder and president of Macro Intelligence 2 Partners, joins Yahoo Finance Live to discuss this week's market action and whether or not it will carry over into next week, the Fed, and inflation.
Risk and reward are the yin and yang of stock trading, the two opposite but essential ingredients in every market success. And there are no stocks that better embody both sides – the risk factors and the reward potentials – than penny stocks. These equities, priced below $5 per share, typically offer high upside potentials. Even a small gain in share price – just a few cents – quickly translates into a high yield return. Of course, the risk is real, too; not every penny stock is going to show th
Despite all the attention that renewable energy companies get, having operations in the renewable energy space alone does not make a stock a buy. In fact, several renewable energy companies are struggling just to stay profitable. Let's discuss two renewable energy stocks that look attractive right now, and one that's best avoided.
Qualcomm CEO Cristiano Amon weighs in on the outlook for the semiconductor industry and his company's future.
The cannabis company's per-share loss was almost five times as big as analysts had expected. The stock plunged in response.
The market is unstable. Your portfolio doesn’t need to be.
The stock market selloff has made many stocks look cheap—but smart investors need to be selective. Here are six high-quality companies that trade at reasonable valuations.
Shares of Dutch Bros (NYSE: BROS) are rocketing higher this week, surging 34.1% compared to where they closed last Friday, according to data from S&P Global Market Intelligence, riding a meme stock wave of buying. After it was reported that short interest in the coffee shop shot up almost 30% in the latest period, stock traders who populate various internet stock chat rooms piled into the stock. Meme stocks, of course, are stocks that trade more on social media chatter than on business fundamentals, though in Dutch Bros' case the underlying business is pretty good, too.
Shares of Farfetch Limited (NYSE: FTCH), a luxury fashion e-commerce platform, spiked today after the company reported a better-than-expected loss in the first quarter. Farfetch reported an adjusted loss per share of $0.24 in the first quarter, which was down from a loss of $0.22 per share in the year-ago quarter but ahead of analysts' average estimate of a loss of $0.28 per share. "Our core business remains very strong, in spite of the macro events in China and ceasing operations in Russia, which impacted our performance and outlook," José Neves, Farfetch's founder and CEO, said in a press release.
Stock splits have been all the rage in recent years, fueled by surging stock prices of some of the world's most recognizable companies. Worse still, the tech-heavy Nasdaq has tumbled into bear market territory, down roughly 27% from its high reached late last year. Read on to find out why they picked Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), and Shopify (NYSE: SHOP) from among the recent stock-split candidates.
The stock market is a game of risk and calculation, and in recent months the risks are mounting. The first quarter of 2022 showed a net negative GDP growth rate, a contraction of 1.4%; another contraction in Q2 will indicate a recession. Wall Street’s experts are trying to look ahead, to see through the fog of uncertainty and get some feel for where things are going. Covering the market for Morgan Stanley, chief US equity strategist Michael Wilson believes that we’ll dodge the recession bullet –
Shares of CrowdStrike (NASDAQ: CRWD), MongoDB (NASDAQ: MDB), and Datadog (NASDAQ: DDOG) all spiked on Friday, up 5.5%, 6.3%, and 7.2%, respectively, as of 1:22 p.m. EDT. The PCE differs from the Consumer Price Index (CPI) released earlier this month in that it weighs certain household expenditures differently and accounts for consumers substituting goods and services for other goods and services as relative prices change.
What happened Shares of Nvidia (NASDAQ: NVDA) were up 3.5% today as of 11:15 a.m. ET. That now marks a more than 10% rebound in the last five trading days as investors weigh data from the company's recent earnings report and financial guidance for the second quarter -- which is calling for "only" 24% year-over-year sales growth at the midpoint of expectations.
(Bloomberg) -- Crypto had another bad week -- and it may only get weirder.Most Read from BloombergFord Beats Tesla to the Punch With First Electric F-150 DeliveryStocks Notch Their Best Week Since November 2020: Markets WrapRussian Wins in Eastern Ukraine Spark Debate Over Course of WarUkraine Latest: US Slams Putin’s Food-for-Sanctions Relief PlanZilingo’s Fired CEO Responds to Questions of Mystery PaymentsBitcoin led a decline in digital assets across the whole crypto spectrum, with the world’
It’s been a long slog this year for the plummeting stock market. Citigroup’s model that forecasts the chances that stocks will head into a bear market shows that the market looks like more of a buy right now.