Ealixir Privacy Services Ltd. acquired Budding Times, Inc. in a reverse merger transaction for approximately $240 million.
May 25, 2020
Ealixir Privacy Services Ltd. acquired Budding Times, Inc. (OTCPK:BUDT) in a reverse merger transaction for approximately $240 million on May 23, 2020. Under the transaction, Budding Times, Inc. issued 35.38 million shares of its common stock (post reverse split), representing approximately 90% of its issued and outstanding common share, for all of the outstanding stock of Ealixir Privacy Services Ltd. As part of the terms of the merger, Budding Times, Inc. has approved a reverse stock split whereby one share of common stock is being issued in exchange for every 25 shares. The resulting issuer will operate under the name Ealixir, Inc. and will be issued a new trading symbol.
Ealixir Privacy Services Ltd. completed the acquisition of Budding Times, Inc. (OTCPK:BUDT) in a reverse merger transaction on May 23, 2020.
Ealixir, Inc. is an Internet technology company, which specializes in the management and protection of digital identity and computer technology rights. The Companyâs services include WebID, Ealixir Removal, Ealixir Story, NewsDelete, Ealixir Analytics, Ealixir Event Launch, and RepScore. WebID is a detailed report of all online content relating to individuals, brands and companies. Ealixir Removal protects the online reputation of clients (individuals or corporations) utilizing the Companyâs technological platform to achieve the removal, de-indexation or the anonymization of negative or unwanted information. NewsDelete service caters to customers concerned about their reputation in financial affairs. Ealixir Analytics collects real-time big data about states, institutions, political parties, candidates and personalities working in these structures. Ealixir Event Launch gives companies the opportunity to promote their event on an international scale.