Mace Corporation entered into a plan and agreement of merger to acquire Peregrine Industries, Inc. for approximately $160 million in a reverse merger transaction.
September 16, 2021
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Mace Corporation entered into a plan and agreement of merger to acquire Peregrine Industries, Inc. (OTCPK:PGID) for approximately $160 million in a reverse merger transaction on July 30, 2021. Under the terms of the transaction, Mace shareholders will receive one common stock of Peregrine Industries, Inc. per four shares of Mace Corporation common stock. the shareholders of Mace Corporation will receive 250 million shares of our common stock of Peregrine Industries, Inc. Post-closing, the shareholders of Mace Corporation will own 60% of the shares of Peregrine Industries, Inc. The surviving company's name shall stay as Peregrine Industries, Inc. The transaction is subject to governmental approvals, third party approvals, resignation of officers and Directors of Peregrine Industries, Inc. and due diligence investigation of Mace Corporation and Peregrine Industries. The Board of Directors of Mace Corporation unanimously approve the transaction on July 30, 2021. The shareholders of Mace Corporation have approved the transaction. The Board of Directors of Peregrine Industries, Inc. approved the transaction. No approval of Peregrine Industries, Inc. shareholders were required.
Mace Corporation completed the acquisition of Peregrine Industries, Inc. (OTCPK:PGID) in a reverse merger transaction on September 3, 2021.
Peregrine Industries, Inc., through its subsidiary Mace Corporation, is engaged in developing products for baby, home and body. The Companyâs brands include Mace Baby, Mace Home Goods, and Mace Health Essentials. The Company's flagship product aMACEing Zero Leak Baby Bottle is a safe plastic baby bottle. Its other baby products include: the Baby Backseat Mirror, toddler toilet seats, organic skin care products and others. Its home goods include Birthday Minder, Holiday Minder, Water Purifier, Masks and Kids Portable Desk. Its Health & Beauty (and Jewelry) include products, such as moistening sprays, a heated eye treatment wand and others. The Company also offers hands free bottle holder, Kidesk, baby backseat mirror, toddler toilet seat, baby body thermometer, pacifier clips, baby diaper bag backpack and stroller organizer, PillowKet, PillowBed, Mace skin care and others. It also offers health supplements.
Mace Corporation entered into a plan and agreement of merger to acquire Peregrine Industries, Inc. for approximately $160 million in a reverse merger transaction.