Sentient Brands Holdings Inc. Enters into Definitive Share Exchange Agreement with AIG F&B, Inc.
Sentient Brands Holdings Inc. (OTC: SNBH) has entered into a definitive share exchange agreement with AIG-F&B, Inc. (AIG). The acquisition is expected to close by November 1, 2024, making AIG a wholly owned subsidiary of Sentient Brands. AIG plans to launch a global, vertically integrated food and beverage manufacturing and distribution business based on AIG Group's proven product lines and business models.
AIG Group operates 8 factories and 170 distributors across 22 countries, supplying products to major U.S. and international retailers. The acquisition is anticipated to be highly synergistic and accretive, potentially establishing Sentient Brands as an international enterprise with global reach in the food and beverage industries. The transaction involves an exchange of Sentient Brands common stock for AIG shares, subject to an earnout schedule.
Sentient Brands Holdings Inc. (OTC: SNBH) ha stipulato un accordo definitivo di scambio azionario con AIG-F&B, Inc. (AIG). L'acquisizione dovrebbe chiudersi entro il 1° novembre 2024, rendendo AIG una controllata interamente posseduta da Sentient Brands. AIG prevede di lanciare un'attività globale di produzione e distribuzione di alimenti e bevande, verticalmente integrata, basata sulle linee di prodotto e sui modelli di business collaudati del Gruppo AIG.
Il Gruppo AIG gestisce 8 fabbriche e 170 distributori in 22 paesi, fornendo prodotti a importanti rivenditori statunitensi e internazionali. Si prevede che l'acquisizione sarà altamente sinergica e accretiva, stabilendo potenzialmente Sentient Brands come un'impresa internazionale con una portata globale nei settori alimentare e delle bevande. La transazione comporta uno scambio delle azioni ordinarie di Sentient Brands in cambio delle azioni di AIG, soggetto a un programma di earnout.
Sentient Brands Holdings Inc. (OTC: SNBH) ha firmado un acuerdo definitivo de intercambio de acciones con AIG-F&B, Inc. (AIG). Se espera que la adquisición se complete para el 1 de noviembre de 2024, convirtiendo a AIG en una subsidiaria de propiedad total de Sentient Brands. AIG planea lanzar un negocio global de fabricación y distribución de alimentos y bebidas, integrado verticalmente, basado en las líneas de productos y los modelos comerciales comprobados del Grupo AIG.
El Grupo AIG opera 8 fábricas y 170 distribuidores en 22 países, suministrando productos a importantes minoristas estadounidenses e internacionales. Se anticipa que la adquisición será altamente sinérgica y accretiva, estableciendo potencialmente a Sentient Brands como una empresa internacional con alcance global en las industrias de alimentos y bebidas. La transacción implica un intercambio de acciones ordinarias de Sentient Brands por acciones de AIG, sujeto a un cronograma de earnout.
Sentient Brands Holdings Inc. (OTC: SNBH)는 AIG-F&B, Inc. (AIG)와 최종 주식 교환 계약을 체결했습니다. 인수는 2024년 11월 1일 이전에 완료될 것으로 예상되며, AIG는 Sentient Brands의 완전 자회사로 전환됩니다. AIG는 AIG 그룹의 검증된 제품 라인 및 비즈니스 모델을 기반으로 하는 글로벌 수직 통합 식음료 제조 및 유통 사업을 시작할 계획입니다.
AIG 그룹은 22개국에서 8개의 공장과 170개의 유통업체를 운영하며, 주요 미국 및 국제 소매업체에 제품을 공급합니다. 이 인수는 시너지가 매우 높고 추가적인 효과를 기대할 수 있으며, Sentient Brands를 식음료 산업에서 전 세계적으로 영향력을 가진 국제 기업으로 성장시킬 잠재력을 가집니다. 이번 거래는 Sentient Brands의 보통주와 AIG의 주식을 교환하는 것으로, 어닝아웃 일정이 적용됩니다.
Sentient Brands Holdings Inc. (OTC: SNBH) a conclu un accord définitif d'échange d'actions avec AIG-F&B, Inc. (AIG). L'acquisition devrait être finalisée d'ici le 1er novembre 2024, faisant d'AIG une filiale entièrement détenue de Sentient Brands. AIG prévoit de lancer une activité mondiale de fabrication et de distribution de produits alimentaires et de boissons, intégrée verticalement, basée sur les gammes de produits et les modèles économiques éprouvés du groupe AIG.
Le groupe AIG gère 8 usines et 170 distributeurs dans 22 pays, fournissant des produits à de grands détaillants américains et internationaux. L'acquisition devrait être hautement synergique et accretive, permettant potentiellement à Sentient Brands de se positionner comme une entreprise internationale avec une portée mondiale dans les industries alimentaire et des boissons. La transaction implique un échange d'actions ordinaires de Sentient Brands contre des actions d'AIG, sous réserve d'un calendrier d'earnout.
Sentient Brands Holdings Inc. (OTC: SNBH) hat eine verbindliche Aktienaustauschvereinbarung mit AIG-F&B, Inc. (AIG) getroffen. Der Erwerb soll bis zum 1. November 2024 abgeschlossen werden, wodurch AIG eine hundertprozentige Tochtergesellschaft von Sentient Brands wird. AIG plant die Einführung eines globalen, vertikal integrierten Geschäfts für die Herstellung und den Vertrieb von Nahrungsmitteln und Getränken, das auf den bewährten Produktlinien und Geschäftsmodellen der AIG-Gruppe basiert.
Die AIG-Gruppe betreibt 8 Fabriken und 170 Distributoren in 22 Ländern und liefert Produkte an große US-amerikanische und internationale Einzelhändler. Es wird erwartet, dass die Akquisition hochgradig synergetisch und akquisitorisch ist und Sentient Brands potenziell als internationales Unternehmen mit globaler Reichweite in der Lebensmittel- und Getränkeindustrie etablieren könnte. Die Transaktion umfasst den Austausch von Stammaktien von Sentient Brands gegen AIG-Aktien, vorbehaltlich eines Earnout-Plans.
- Acquisition of AIG-F&B, Inc. expected to be highly synergistic and accretive
- Potential to establish Sentient Brands as an international enterprise in food and beverage industries
- Access to AIG Group's network of 8 factories and 170 distributors across 22 countries
- Integration with AIG's proven, cash flow-positive product lines and business models
- Opportunity to leverage AIG Group's cutting-edge products and advanced technology
- Transaction is subject to closing conditions and may not be completed
- Potential dilution for existing shareholders due to stock-based acquisition
- Integration risks associated with merging two organizations
AIG-F&B, Inc. plans to launch a global, vertically integrated food and beverage manufacturing and distribution business
Acquisition is expected to be highly synergistic and accretive
NEW YORK, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Sentient Brands Holdings Inc. (OTC Markets: SNBH) (“Sentient Brands” and the “Company”) (www.sentientbrands.com), a next-level product and brand development company with a strategic mission to develop and market high value products and services, today announced that it has entered into a definitive share exchange agreement (the “Agreement”) with AIG-F&B, Inc. (“AIG”) as part of the Company’s M&A strategy. Under the terms of the Agreement, Sentient Brands will acquire AIG in exchange for shares of common stock of the Company in accordance with an earnout schedule, with the transaction expected to close on or before November 1, 2024. Upon the closing of the transaction, AIG will become a wholly owned subsidiary of the Company.
AIG’s current shareholders, American Industrial Group, Inc. and its affiliates (collectively, “AIG Group”), represent a global network of vertically integrated food and beverage manufacturing companies. AIG Group operates eight factories and 170 distributors across 22 countries, supplying products to major U.S. and international big-box retailers and distributors, with several of their product lines holding Organic and Kosher certifications. In line with its business plan, AIG plans to launch a global, vertically integrated food and beverage manufacturing and distribution business, based on AIG Group’s proven, cash flow-positive product lines and business models.
The Company’s Chief Operating Officer, George Furlan, stated, “We are pleased to announce this transformative potential acquisition, as we believe that AIG’s planned business venture would be highly synergistic with our existing product and brand development business, and we anticipate meaningful operation efficiency through the integration of our two organizations.” Mr. Furlan continued, “If consummated, our acquisition of AIG could potentially establish Sentient Brands as an international enterprise with global reach and distribution capabilities within the food and beverage industries, which we expect could be highly accretive for our shareholders.”
Sergey Knazev, interim CEO of AIG, further noted, “We are thrilled to join forces with Sentient Brands, leveraging AIG Group’s cutting-edge product lines, advanced technology, and robust manufacturing and distribution expertise. This prospective partnership could provide a turnkey solution for AIG Group’s proven food and beverage brands and potentially offer significant access to the U.S. and global markets. Together with the Sentient Brands platform, we are committed to driving innovation and delivering high-quality products to a worldwide audience.”
Additional details of the transaction are available in the Company’s Form 8-K, which has been filed with the Securities and Exchange Commission and is available at www.sec.gov.
About Sentient Brands Holdings Inc.
Sentient Brands Holdings Inc. (“Sentient Brands” and the “Company”) (www.sentientbrands.com) is a next-level product and brand development company with a strategic mission to develop and market world-class products and services. Guided by the ethos, “We build brands people love,” Sentient Brands is led by accomplished professionals deeply rooted in brand-building expertise. The Company strives to cultivate a high-performance culture, enrich the lives of its consumers, and add value to its shareholders.
For more information on Sentient Brands Holdings Inc.:
www.instagram.com/sentientbrandsholdings/?ref=bklyner.com
About AIG-F&B, Inc.:
AIG-F&B, Inc.’s current shareholders, American Industrial Group, Inc. and its affiliates (collectively, “AIG Group”), represent a group of international, vertically integrated food and beverage manufacturing companies, comprising eight factories and 170 distributors across 22 countries, who market and sell products through various U.S. and international big-box retailers and distributors, with several product lines holding Organic and Kosher certifications. In line with its business plan, AIG-F&B, Inc. intends to launch a global, vertically integrated food and beverage manufacturing and distribution business, based on AIG Group’s proven, cash flow-positive product lines and business models.
About American Industrial Group, Inc.:
American Industrial Group, Inc. and its affiliates (collectively, “AIG Group”), is a group of global, vertically integrated, food and beverage products manufacturers, encompassing eight factories (the oldest of which was established in 1944), U.S. co-packing and manufacturing operations, and 170 distributors spanning 22 countries. AIG Group epitomizes “quality guaranteed from seed-to-shelf”.
For more information on AIG Group:
Forward-Looking Statements:
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created thereby. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expects,” “intends,” “plans,” “projects,” “estimates,” “anticipates,” or “believes” or the negative thereof or any variation thereon or similar terminology or expressions. These forward-looking statements are based upon current estimates and assumptions. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from results proposed in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, those factors set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and its other filings and submissions with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements. This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise.
Contact:
Sentient Brands Holdings Inc.
646-202-2897
info@sentientbrands.com
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