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The latest update is out from Farmhouse ( (FMHS) ).
Farmhouse, Inc. has announced a strategic Share Exchange Agreement (SEA) with Thrown, LLC, where Farmhouse will acquire all of Thrown’s membership interests for 5,130,000 of its own shares, about a quarter of its post-transaction issued stock. This deal includes performance-based Earnout Agreements, Voting Agreements to maintain board stability, and an Investor Rights and Management Agreement ensuring operational continuity and governance with Thrown’s management at the helm. The agreements aim to foster synergy and growth, with Farmhouse also aiming to raise funds between $5 million and $10 million to support the venture, ensuring the transaction benefits from tax-efficient structuring.
For a thorough assessment of FMHS stock, go to TipRanks’ Stock Analysis page.