Genflat, Inc. completed the completed the acquisition of Healthcare Business Resources, Inc. in a reverse merger transaction.
December 19, 2023
Share
Genflat, Inc. entered into a Share Exchange Agreement to acquire Healthcare Business Resources, Inc. (OTCPK:HCBR) in a reverse merger transaction on October 18, 2023. On the Closing Date, pursuant to the Share Exchange, each share of common stock of GenFlat owned by a Shareholder shall be exchanged for shares of HBR Stock. The number of shares of HBR Stock received by the Shareholders will equal 98% of the issued and outstanding HBR Stock immediately after the Share Exchange. The Closing is expected to occur on or about December 15, 2023.
Genflat, Inc. completed the acquisition of Healthcare Business Resources, Inc. (OTCPK:HCBR) in a reverse merger transaction on December 20, 2023. In connection with the closing of the share exchange transaction, Healthcare Business Resources, Inc. (i) issued 1,043,847,000 common shares to certain GenFlat stockholders in exchange for 97.22% of the outstanding shares GenFlat, Inc. After the New Year, Healthcare Business Resources, Inc. intends to change its name to GenFlat Holdings. Inc. GenFlat Inc. Becomes Publicly Traded Entity. Drew Hall leads GenFlat as Chief Executive Officer. Drew Hall?s leadership team includes Joseph Maggio as President and Garrett Hall as Chief Operating Officer. GenFlat?s Board of Directors initially consists of Mr. Drew Hall.
GenFlat Holdings, Inc., formerly Healthcare Business Resources, Inc., is engaged in container technology, specializing in collapsible containers. The Company develops collapsible marine containers, replacing traditional standard marine containers. Its collapsible marine shipping containers (GenFlat Container) are manufactured by China International Mariner Containers (CIMC) in Dalian, China. The GenFlat Container is engineered to be a substitute for the standard marine container. Once four GenFlat containers are stacked and locked together, they can be lifted as a single unit, ready for multi-modal transport. The GenFlat container makes for multi-modal transport by train, ocean vessel or over the road truck.