Jacque Soptick and Richard Fink agreed to acquire 70% stake in Applied Nanotech, Inc. from Nano Magic Holdings Inc. (OTCPK:NMGX) for $0.45 million on May 27, 2022. The Class A stock being acquired by the buyers will be pledged to secure the payment of the purchase price that is evidenced promissory note in the principal amount of $0.45 million. The transaction will be effective by the end of the month.