Bayport International sells assets to Ideal Group for 320 million shares of stock

BAYPORT INTL HLDGS INC

BAYPORT INTL HLDGS INC

BAYP

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  • Bayport International Holdings sold substantially all assets to Ideal Group of Companies under an asset purchase agreement dated March 4, 2026.
  • Consideration comprised 320,000,000 shares of Ideal common stock issued to Bayport.
  • Board of directors determined transaction fair in light of Caveat Emptor trading restrictions in place since 2021.
  • Holders of a majority of voting power, including Class B Preferred Stock votes, ratified transaction by written consent.
  • Bayport plans to distribute Ideal shares to Bayport shareholders on a 1-for-1 basis using March 4, 2026 as record date.


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