Institute of Biomedical Research Corp. (OTCPK:MRES) signed a letter of intent to acquire JDAX on June 27, 2023. The closing of the acquisition is expected to take place by July 31, 2023.

Institute of Biomedical Research Corp. (OTCPK:MRES) acquired JDAX on September 21, 2023. Immediately, JDAX will be rebranded with a new name and jurisdiction. The name will be announced in the coming weeks, and the new domicile for the company and IP will be Dubai, United Arab Emirates.