Telidyne Acquires OutSquare MD in Stock Transaction.
MANews-(C)2009-2021
US-based Blockchain-as-a-Service provider Telidyne, Inc. (OTC: TLDN) has acquired healthcare-focussed technology company OutSquare MD, Inc. in an all-stock transaction, the company said.
In connection with this acquisition, the company issued 6,480,000 shares of common stock valued at USD1.55 per share to the owners of Outsquare, which increased the company's total outstanding shares to 12,180,265 shares.
Outsquare is a technology company that provides software solutions to virtualise healthcare for patients and doctors. It is also developing several cutting edge softwares and technologies.
After the acquisition, the company changed its officers and directors. Faisal Mirza has been appointed the CEO and director, Feroz Shaikh has been appointed the CFO and director and Paulson Ambookan has been appointed the company secretary and director.
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