NaturalShrimp Incorporated entered into a material IP acquisition agreement, completed a change of control, and appointed new leadership on March 17, 2026.
Key takeaways
On March 17, 2026, the Company entered into an Intellectual Property Acquisition and Management Transition Agreement with Hydrenesis, Inc. and David Antelo.
A change of control of the Company occurred on March 17, 2026, triggered by the agreement, governance terms, legacy security restructuring, and new CEO appointment.
Gerald Easterling, Bill Delgado, and Tom Untermyer resigned from their executive and director roles on March 17, 2026 with no disagreements with the Company.
David Antelo was appointed as the Company's Chief Executive Officer and sole director, effective March 17, 2026.
The Company approved issuance of Series L, Series P, and Series P-2 Preferred Stock, to be issued via registration exemptions under the Securities Act of 1933.
Hydrenesis will transfer certain IP assets to the Company, and the Company's ~$1,034,112 obligation to Hydrenesis will be converted to equity at closing.