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AnnaBidiol has entered into a merger agreement with Targatek, an AI corporate leadership SaaS company. The agreement includes a reverse merger, resulting in Targatek shareholders receiving 85% of AnnaBidiol's common stock after 35,000,000 shares of common stock and 500,000 Series A Preferred shares are canceled. The merger is set to close by September 15, 2024. AnnaBidiol plans to raise $750,000 in a private placement to fund operations and stock redemption. Post-merger, the company expects to reduce its outstanding common shares from 39,990,306 to 30,260,000, with zero preferred shares, warrants, or options remaining. William J. Adams Jr., Targatek's CEO, highlighted the synergy and growth potential of the merger.
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