WPF Holdings Announces Closing of Telehealth Company Acquisition
WORLD POKER FD HLDGS (WPFH)
NASDAQ:AMEX Investor Relations:
otcmarkets.com/ajax/showfinancialreportbyid.pdf?id=184936
Company Research
Source: GlobeNewswire
MELBOURNE, FL, Feb. 21, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire - WPF Holdings, Inc (OTC Pink WPFH) today announces the closing of the acquisition of Virtual Health Holdings, Inc., a telemedicine group of companies with 13 years of operations and with a new subscription model, consumer telemedicine offering under the name MyGuardianDoc. Under the terms of the acquisition, WPFH acquired 100 percent of the stock of VHHI from Solei Liquidation Trust, a trust established in September 2022 to facilitate and complete the liquidation of CareClix Holdings, Inc., which was dissolved in September 2022. The consideration for the VHHI acquisition was 7,000,000 shares of restricted common stock of WPFH, with a reserve of 4,000,000 additional shares to be issued if certain performance milestones are met within the next two years. The 7,000,000 consideration shares to be issued by WPFH will be issued to the beneficiaries of the Solei Liquidation Trust in a private offering in electroni
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