Minim and privately held e2Companies to merge in all stock deal, closing in Q2

Minim announced that it has entered into a definitive merger agreement with privately held e2Companies e2Companies to combine the companies in an all-stock transaction. The combined company will focus on continuing to drive proprietary solutions for grid modernization. Upon closing, which is currently anticipated in the second quarter of 2024, the combined company is expected to operate under the name e2Companies and trade on the Nasdaq Capital Market….Under the terms of the Agreement and Plan of Merger, e2Companies will merge with and into a wholly owned subsidiary of Minim, and as the surviving entity, e2Companies will become a wholly owned subsidiary of Minim. At the effective time of the merger, each common unit of e2Companies issued and outstanding will be converted into common stock of Minim based on a fixed exchange ratio, with any resulting fractional shares to be rounded to the nearest whole share. Interest holders of e2Companies will own approximately 97% of the combined company and securityholders of Minim will own approximately 3% of the combined company, on a fully diluted basis.Following the merger, Minim, Inc. will be renamed “e2Companies, Inc.” The combined company will be led by James Richmond, CEO of e2Companies and creator of the world’s first Virtual Utility “We are thrilled that James has agreed to lead the combined company,” said David Lazar, Co-CEO of Minim .The transaction has been approved by the Board of Directors of Minim and the managers of e2Companies and is expected to close in the second quarter of 2024