February saw 39 micro-cap acquisition announcements made by OTC QX, QB, and PINK issuers.
Disclosed deal value for the month reached $77 million. The majority of consideration for February acquisitions was stock (approx. $42 million).
Highlights include; Meritage Hospitality Group, Inc. (OTCQX: MHGU) executing a definitive agreement to acquire “a portfolio of 19 casual and polished-casual dining restaurants” and BioStem Technologies, Inc. (OTCPINK: BSEM) acquiring “98 acres of waterfront property for plans to build a rejuvenation spa resort, to include stem cell treatments”.
Companies saw an overall positive market reaction to acquisition news. On average, companies saw one day increases in stock price of 12% and volume more than double on the day of acquisition news.
See the full list of OTC micro-cap issuer working on acquisitions in February below.
OTC Acquisitions - February 2016
Royal Nickel Corp. (OTCQX: RNKLF)
Feb 1, 2016 -- "Royal Nickel Announces Two Transformative Acquisitions"
Halitron, Inc. (OTCPINK: HAON)
Feb 1, 2016 -- "Halitron, Inc. Announces Signed Letters of Intent in Excess of $1M in Annualized Sales from Targeted Acquisitions"
Antibe Therapeutics, Inc. (OTCQX: ATBPF)
Feb 2, 2016 -- "Antibe Therapeutics Closes Acquisition of Minority Interest in Citagenix Inc."
Argentex Mining Corp. (OTCPINK: AGXMF)
Feb 3, 2016 -- "Argentex Enters Into Definitive Agreement With Austral Gold"
Metals X, Ltd. (OTCQX: MLXEF)
Feb 3, 2016 -- "Metals X Completes Acquisition of Comet Assets"
Wham Inc. (OTCPINK: WFMC)
Feb 3, 2016 -- "WHAM-INC--Announces-Binding-Agreement-for-the-Takeover-of-Jefferey-Epstein-s-Billions-in-Order-To-Pay-The-Towers-Investor-Victims"
Integrated Freight Corp (OTCPINK: IFCR)
Feb 3, 2016 -- "Integrated Freight Acquires Philadelphia Operation"
Magnolia Solar Corp (OTCQB: MGLT)
Feb 4, 2016 -- "Magnolia Solar and Ecoark Sign Merger Agreement; Plan for Name Change to Ecoark Holdings and Migration to a National U.S. Stock Exchange"
Compass Biotechnologies Inc. (OTCPINK: COBI)
Feb 5, 2016 -- "Compass Biotechnologies Inc. Announces Acquisition of efsAUDIO Inc."
Rockdale Resources Corp (OTCPINK: BBLS)
Feb 9, 2016 -- "Rockdale Acquires Oil Service Company to Increase Revenue Stream"
Diversified Resources, Inc. (OTCQB: DDRI)
Feb 9, 2016 -- "Diversified Resources Closes on Acquisition of Northern Colorado Oilfield Service Companies"
Halitron, Inc. (OTCPINK: HAON)
Feb 10, 2016 -- "Halitron, Inc. Acquires www.PiecesInPlaces.com and PRD Holdings Inc. and Establishes the Fully Integrated Business Model"
Aim Exploration Inc. (OTCQB: AEXE)
Feb 11, 2016 -- "AIM Exploration Announces Potential Acquisition of Silica Properties in USA"
Innovus Pharmaceuticals, Inc. (OTCQB: INNV)
Feb 11, 2016 -- "Innovus Pharmaceuticals Agrees to Acquire All of Beyond Human, LLC's Products Which Generated Over $2.2 Million in Sales in 2015 in an All-Cash Transaction"
SharkReach, Inc. (OTCPINK: SHRK)
Feb 11, 2016 -- "SharkReach, Inc. Reaches Agreement To Acquire Key Strategic Instagram Partner With Presently Projected 2016 Revenues of $1.5 Million"
First Mining Finance Corp. (OTCQB: FFMGF)
Feb 12, 2016 -- "First Mining to Acquire Clifton Star Resources Inc."
Predictive Technology Group, Inc. (OTCPINK: PRED)
Feb 16, 2016 -- "Predictive Technology Group, Inc. (PRED) Acquires Remaining Outstanding Stake in Predictive Therapeutics, LLC"
Pineapple Express, Inc. (OTCPINK: PNPL)
Feb 16, 2016 -- "Pineapple Express Finalizes Asset Acquisition of THC Industries Inc., Including THC.COM, and the ‘THC’ Trademark"
Dominovas Energy Corporation (OTCQB: DNRG)
Feb 16, 2016 -- "Dominovas Energy Agrees to Acquire Grupo Trebol in Guatemala City, Guatemala"
ALMADEX MINERALS LTD. (OTCQB: AXDDF)
Feb 17, 2016 -- "Almadex Acquires Mexican Mineral Properties"
Healthnostics, Inc. (OTCPINK: HNSS)
Feb 17, 2016 -- "Healthnostics, Inc., Completes Second Cannabis Industry Related Acquisition"
Earth Life Sciences Inc. (OTCQB: CLTS)
Feb 18, 2016 -- "Earth Life Sciences Inc: Announces Acquisition of Total Assets of White Channel and Gold buck Projects"
Banyan Rail Services Inc. (OTCQB: BARA)
Feb 18, 2016 -- "Banyan Rail Services Inc. Announces Agreement to Acquire International Thermocast Corporation and The Dekor Corporation"
Empire Global Corp. (OTCQB: EMGL)
Feb 18, 2016 -- "Empire Global Corp. Adds 20 Web Shop Gaming Arcades and Opens 2 Corner Locations in Italy"
PCS Edventures!.com, Inc. (OTCQB: PCSV)
Feb 18, 2016 -- "PCS Edventures Announces Drone Company Acquisition"
Nevada Energy Metals Inc. (OTCPINK: SSMLF)
Feb 22, 2016 -- "Nevada Energy Metals Acquires 100% of Teels Marsh West Lithium Project in Mineral County Nevada"
Meritage Hospitality Group, Inc. (OTCQX: MHGU)
Feb 22, 2016 -- "Meritage Reports Definitive Agreement to Acquire 19 Casual and Polished-Casual Dining Restaurants"
Mango Capital, Inc. (OTCPINK: MCAP)
Feb 22, 2016 -- "Mango Capital, Inc. Announces Litigation Settlement, Substantial Real Estate Acquisition, New Management Team and Dynamic Business Plan"
Zoned Properties, Inc. (OTCQX: ZDPY)
Feb 22, 2016 -- "Zoned Properties Signs Letter of Intent to Purchase Colorado Property"
NASB Financial, Inc. (OTCQX: NASB)
Feb 23, 2016 -- "NASB Financial, Inc. And Lexington B & L Financial Corp. Announce Signing Of Merger Agreement"
Virtus Oil and Gas Corp. (OTCQB: VOIL)
Feb 23, 2016 -- "Virtus Oil and Gas Signs Letter of Intent to Purchase Oil and Gas Field in San Juan County, Utah"
Alliance Bioenergy Plus, Inc. (OTCQB: ALLM)
Feb 23, 206 -- "Alliance BioEnergy Announced Today That Its Board of Directors Approved a Plan to Merge Subsidiaries and Acquire Remaining Minority Interest in AMG Energy Group"
Singlepoint, Inc. (OTCPINK: SING)
Feb 23, 2016 -- "SinglePoint Announces Execution of Letter of Intent to Acquire Ownership Stake in DraftFury, a Leading Daily Fantasy Sports Operator"
New America Energy Corp. (OTCPINK: NECA)
Feb 24, 2016 -- "New America Energy Announces Letter of Intent to Acquire Title Loan Company"
BioStem Technologies, Inc. (OTCPINK: BSEM)
Feb 24, 2016 -- "MULTIMEDIA UPDATE: Biostem Technologies, Inc. (OTC: BSEM) Signs 98-Acre Land Acquisition Contract in Iceland"
Arete Industries, Inc. (OTCPINK: ARET)
Feb 24, 2016 -- "Arete Industries, Inc. Announces Closing of Purchase and Sale Agreement and Restructuring of Certain Liabilities"
NOWNEWS DIGITAL MEDIA TECHNOLOGY CO LTD (OTCQB: NDMT)
Feb 25, 2016 -- "Nownews Enters into Binding Letter of Intent to Acquire My Song Karaoke Industrial Co., Ltd."
West Texas Resources, Inc. (OTCPINK: WTXR)
Feb 25, 2016 -- "West Texas Resources Announces Acquisition of Working Interest in Gregg County, Texas Lease"
About Acquis Capital:
Acquis Capital is a private investment firm that specializes in funding strategic acquisitions. Acquis Capital's mission is to facilitate strategic acquisitions that increase the book and market value of top tier public companies, with market capitalizations under $300 million. To learn more please contact us today.
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