Affluence Corporation and Durham Black to Unwind Merger [Yahoo! Finance]
AFFLUENCE CORP (AFFU)
Company Research
Source: Yahoo! Finance
Things (IoT) technology and strategic consulting firm Durham-Black have mutually agreed to unwind the merger that was previously announced on May 5, 2024. Durham-Black officers, Patrick Shutt,CEO, Mary Stanhope, COO, Yossi Hazan, CFO and Robert Pollan, Board Member have resigned their positions and Board positions. The Unwind Agreement is currently in negotiation. "We are very disappointed that the merger was not finalized and the merger was unwound due to failure to meet closing conditions that were agreed upon," said James E Honan, Jr., CEO of Affluence Corporation. "We remain committed to continue to grow the company both organically and through acquisition. Affluence has a strong pipeline of potential acquisitions and to that end we are currently in discussions with several companies. Additionally, we have made changes to the leadership of OneMind Technologies and have a solid plan for 2025 to continue what our partners have established in the Middle East and Asia and will focus
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