Flagship Global Corporation (OTCPK:FGCN) entered into a definitive agreement to acquire 57.5% stake in G.E.M. Holdings U.S. Corporation from David Winduss and Stephen Moscicki on March 15, 2018. Under the terms of transaction, Flagship Global Corporation will issue 101.8 million shares for acquisition of 57.5% interest in G.E.M. Holdings U.S. Corporation. As a result of the acquisition agreement, on March 22, 2018, David Winduss was appointed as Chief Financial Officer and Stephen Moscicki was appointed as Chairman and Chief Executive Officer of Flagship Global Corporation. The effective date for taking the office will be the completion of the acquisition. James Wilson of Holman Fenwick Willan USA LLP acted as legal advisor for Flagship Global Corporation. Flagship Global Corporation (OTCPK:FGCN) completed the acquisition of G.E.M. Holdings U.S. Corporation from from David Winduss and Stephen Moscicki for $89.6 million on May 10, 2018. Under the terms of transaction, 94.5 million shares will be issued to Stephen Moscicki and 7.3 million shares will be issued to David Winduss, representing around 70% share capital of Flagship Global Corporation. In return Flagship Global Corporation will acquire 525 and 50 ordinary shares from Stephen Moscicki and David Winduss respectively, representing 57.5% stake in G.E.M. Holdings U.S. Corporation.