Nina Footwear Corp. acquired Kidpik Corp. (OTCPK:PIKM) for $8.49 million in a reverse merger transaction from Mr. Ezra Dabah on May 21, 2025. The consideration consists of 77.2 million common equity of Nina Footwear Corp. having a value of $8.49 million to be issued for common equity of Kidpik Corp. As part of consideration, $8.49 million is paid towards common equity of Kidpik Corp. Pursuant to the terms of the merger agreement, the shareholders of Nina Footwear will receive approximately 77.2 million shares of common stock of Kidpik, representing 97.2% of Kidpik's post-closing outstanding shares of common stock. Mr. Dabah, his children and wife continue to control approximately 78.5% of the combined company's voting shares following the closing of the merger. In addition, management of Kidpik plans to change the name of the company from Kidpik Corp. to Nina Holding Corp.

Kidpik's entry into the merger agreement was approved by the Kidpik Board of Directors. the Board of Directors and majority stockholders of Nina Footwear approved the transaction.

Nina Footwear Corp. completed the acquisition Kidpik Corp. (OTCPK:PIKM) in a reverse merger transaction on May 21, 2025.