OTC Acquirers -- February 2016
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)
Antibe Therapeutics, Inc. (OTCQX: ATBPF)
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)
Integrated Freight Corp (OTCPINK: IFCR)
Feb 3, 2016 -- "Integrated Freight Acquires Philadelphia Operation"
Magnolia Solar Corp (OTCQB: MGLT)
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)
Halitron, Inc. (OTCPINK: HAON)
Aim Exploration Inc. (OTCQB: AEXE)
Innovus Pharmaceuticals, Inc. (OTCQB: INNV)
SharkReach, Inc. (OTCPINK: SHRK)
First Mining Finance Corp. (OTCQB: FFMGF)
Feb 12, 2016 -- "First Mining to Acquire Clifton Star Resources Inc."
Predictive Technology Group, Inc. (OTCPINK: PRED)
Pineapple Express, Inc. (OTCPINK: PNPL)
Dominovas Energy Corporation (OTCQB: DNRG)
ALMADEX MINERALS LTD. (OTCQB: AXDDF)
Feb 17, 2016 -- "Almadex Acquires Mexican Mineral Properties"
Healthnostics, Inc. (OTCPINK: HNSS)
Earth Life Sciences Inc. (OTCQB: CLTS)
Banyan Rail Services Inc. (OTCQB: BARA)
Empire Global Corp. (OTCQB: EMGL)
PCS Edventures!.com, Inc. (OTCQB: PCSV)
Feb 18, 2016 -- "PCS Edventures Announces Drone Company Acquisition"
Nevada Energy Metals Inc. (OTCPINK: SSMLF)
Meritage Hospitality Group, Inc. (OTCQX: MHGU)
Mango Capital, Inc. (OTCPINK: MCAP)
Zoned Properties, Inc. (OTCQX: ZDPY)
Feb 22, 2016 -- "Zoned Properties Signs Letter of Intent to Purchase Colorado Property"
NASB Financial, Inc. (OTCQX: NASB)
Virtus Oil and Gas Corp. (OTCQB: VOIL)
Alliance Bioenergy Plus, Inc. (OTCQB: ALLM)
Singlepoint, Inc. (OTCPINK: SING)
New America Energy Corp. (OTCPINK: NECA)
BioStem Technologies, Inc. (OTCPINK: BSEM)
Arete Industries, Inc. (OTCPINK: ARET)
NOWNEWS DIGITAL MEDIA TECHNOLOGY CO LTD (OTCQB: NDMT)
West Texas Resources, Inc. (OTCPINK: WTXR)
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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