VERDE BIO HLDGS INC - VBHI STOCK NEWS

SensaSure Technologies, Inc. (SSTC) and Verde Bio Holdings, Inc. (VBHI) provide an update on their pending merger, with the SEC declaring the Registration Statement on Form S-4 effective. The special meetings of SensaSure and Verde stockholders are scheduled for May 9, 2024, with the merger expected to close by the end of May 2024. The Merger Agreement includes closing conditions that have been satisfied or waived, with the merger set to proceed after stockholder approvals.

Verde Bio Holdings, Inc. (VBHI) and SensaSure Technologies, Inc. (SSTC) announced the filing of a Registration Statement on Form S-4 with the SEC for their merger. The new OTCQB-listed company will focus on oil and gas minerals and royalties.

Verde Bio Holdings, Inc. (VBHI) and SensaSure Technologies, Inc. (SSTC) announced a merger agreement with Formation Minerals Inc. (FM), a wholly-owned subsidiary of SSTC, aiming to create an end-to-end platform for oil and gas mineral and royalty portfolios. The transaction is expected to simplify corporate structure, reduce costs, and optimize portfolio integration. The merger, subject to Verde's stockholders' approval, is anticipated to close in the first quarter of 2024.

Verde Bio Holdings, Inc. issues shareholder update and 10-Q filing, optimistic about growth prospects and acquisition opportunities

Verde Bio Holdings, Inc. issues fiscal year end shareholder update, highlighting increased revenue by over 29% from last year, strategic acquisitions, decreased expenses, and plans for future growth. CEO Scott Cox expresses optimism about the future of the company.

Verde Bio Holdings, Inc. (OTCQB: VBHI) has engaged a New York-based investment banking firm to serve as advisor and lead underwriter for a future public offering and up-listing. CEO Scott Cox emphasized the current trading price is about 1/5 of its asset value and expressed optimism for increased exposure to the investment community. The partnership aims to leverage the bank's network to enhance VBHI's portfolio and facilitate a major exchange listing. The company recently reported the activation of over six new oil and gas wells, adding to its operations primarily in the Permian Basin and Haynesville shale, potentially increasing revenue without additional investments. Furthermore, a reverse stock split and name change have been filed to position the company favorably in the market.

Verde Bio Holdings, Inc. (OTCQB: VBHI) reported its third quarter results, highlighting a focus on strategic growth in the oil and gas sector. As of January 31, 2023, total reserves were valued at $3.29 million PV-10, while total adjusted revenue dropped to $170,312 from $301,567 a year earlier due to reduced commodity prices and production disruptions. The company posted a net loss of $414,000, affected by one-time expenses and increased operational costs. Verde aims to enhance profitability by divesting non-core assets and is exploring a potential listing on the NYSE American Exchange. The leadership remains optimistic about future acquisitions and market positioning as commodity prices recover.

Verde Bio Holdings, Inc. (OTCQB: VBHI) announced an agreement to acquire mineral and royalty interests in the Haynesville Shale, Louisiana, for $425,000. This acquisition is expected to generate approximately $10,000 per month in revenue, effective from February 1, 2023. The deal marks Verde's nineteenth acquisition, expanding its portfolio of high-quality assets across 1,200 acres in Desoto Parish, currently producing from eight active wells. CEO Scott Cox emphasized the strategic importance of this acquisition, citing confidence in the asset's potential and the favorable market environment for natural gas due to emerging LNG terminals in the region.