SuperDate Networks Inc. completed the acquisition of SKYE Life Ventures Ltd. for $4.8 million in a reverse merger transaction.
Clark Kedziora will serve as Director, Chief Executive Officer, Chief Financial Officer and Secretary of the resulting issuer. The transaction will be subject to a number of terms and conditions, including, among other things, the parties having received all required shareholder approvals, the Proposed Transaction being approved by SuperDate shareholders on or before October 31, 2020, each of the parties obtaining all necessary third party consents, orders and regulatory approvals, dissent rights not having been exercised by greater than 10% of the shareholders of each of the parties, as applicable, and no material change occurring to the business of any of the parties. The transaction is subject to SuperDate shareholders approving the transaction by unanimous written shareholder approval or at a special meeting of SuperDate shareholders. The respective boards of SuperDate and the SKYE Life have each unanimously approved the merger agreement and the SuperDate board has resolved to recommend the adoption of the merger agreement by SuperDate shareholders, who will be asked to approve the merger agreement, as well as other related proposals at a special meeting or by unanimous written consent. The outside completion date of the transaction is February 26, 2021. Nevada Agency and Transfer Company acted as a Transfer Agent for SKYE Life.
SuperDate Networks Inc. completed the acquisition of SKYE Life Ventures Ltd. (OTCPK:SKLV) for $4.8 million in a reverse merger transaction on December 21, 2020. In the amalgamation, 38.82 million Skye common shares were exchanged for SuperDate common shares and 825,000 Skye common sharepurchase warrants (the "Warrants") were exchanged for SuperDate common share purchase warrants. The Warrants have an exercise price of CAD 0.035 and expire on May 14, 2021. The former shareholders of SuperDate now hold 82% of the issued and outstanding shares of Skye on an undiluted basis. The amalgamated company has changed its name to "SuperDate Networks Inc." and is the wholly-owned subsidiary of Skye. Skye will now carry on the business of SuperDate through its subsidiary SuperDate Networks Inc. and continue to carry on its Canadian Licensed Producer business through its subsidiary Emerald Plants Health Source (E.P.H.S.) Inc. ("Emerald."). Stevan Perry, Chris Thompson and Chris Jewitt, directors of Skye have also been appointed as directors of Skye's subsidiary, Emerald, and remain on the Board of Skye.