Business Warrior Corporation (OTCPK:BZWR) acquired Alchemy – FinTech Infrastructure Company for $2.7 million on June 8, 2022. The value of the deal at closing is $8.75 million with $2.25 million in cash and $5 million in preferred stock with a 7%, three-year cash dividend. In addition, $0.45 million in restricted common stock will go to existing Alchemy employees that will vest over 24 months. As a subsidiary of Business Warrior, Alchemy will remain under its current brand name and will continue to support its clients and internal teams. Alchemy founder and Chief Executive Officer Timothy Li will join Business Warrior as the Global Head of Technology, where he will work alongside the Business Warrior executive team. Randy Schmidt, formerly the Chief Operating Officer of Alchemy, will transition into the role of senior vice president of Alchemy and will lead its internal team moving forward.

Business Warrior Corporation (OTCPK:BZWR) completed the acquisition of Alchemy – FinTech Infrastructure Company on June 8, 2022. Alchemy reported total assets of $0.92 million, total liabilities of $1.5 million, net liabilities of $0.58 million, cash and cash equivalents of $0.6 million, sales of $2.73 million, income from operation of $0.48 million and net income of $0.53 million for the year ended December 31, 2021.