NetBrands Corp. Set to Acquire OMM Imports, Elevare Skincare, and Zero Gravity

NetBrands Corp. announced a letter of intent to acquire OMM Imports, Elevare Skincare, and Market Innovations (also known as Zero Gravity). Zero Gravity is a major player in skin care home use devices, offering FDA-approved medical devices to treat pain and hair loss. The acquisition aims to advance new devices and complement existing product lines, distributed worldwide. If successful, the acquisition will involve a mix of cash and new common stock.

Key Takeaways

• NetBrands Corp. issued a letter of intent to acquire OMM Imports, Elevare Skincare, and Zero Gravity.
• Zero Gravity is a major player in skin care home use devices with patented FDA-approved class II medical devices.
• The acquisition aims to advance new devices and complementary skin care creams and serums globally.
• NetBrands plans to continue operating with the same management team and co-founders under its umbrella.
• The acquisition will be completed through a combination of cash consideration and shares of new common stock.

Analysis

NetBrands Corp.'s letter of intent to acquire OMM Imports, Elevare Skincare, and Zero Gravity could have substantial impacts in the business and technology sectors. Zero Gravity, a key player in skin care home use devices, offers FDA-approved medical devices for pain and hair loss treatment. This acquisition could lead to advancements in new devices and product lines, as well as a global distribution expansion. The mix of cash and new common stock involved in the acquisition suggests a significant investment. The short-term consequence might include market fluctuations, while the long-term effects could lead to enhanced product offerings and market dominance for NetBrands Corp. and its acquired entities.

Did You Know?

• Letter of Intent: A letter of intent is a document outlining the preliminary understanding between two or more parties. In this case, it signifies NetBrands Corp.'s intention to acquire OMM Imports, Elevare Skincare, and Zero Gravity.
• FDA-approved Medical Devices: These are healthcare products that have been evaluated and approved by the U.S. Food and Drug Administration for safety and effectiveness. Zero Gravity's class II medical devices have been specifically approved for home use to address pain and hair loss.
• Cash and New Common Stock Acquisition: NetBrands Corp.'s acquisition of the mentioned companies will involve a combination of cash payment and issuance of new common stock. This means that the sellers will receive a mix of cash and shares in NetBrands Corp. as part of the deal.