IL2M International Corp. (OTC: ILIM) a Healthcare Technology holding company, today announced the closing of merger with Aamani Healthcare Group, a Houston, Texas based healthcare group specializing in Transitional Care Homes, Home Care Support Services, Home Health Care and Hospice Care. www.aamanihealthcare.com
ILIM merger closes this week, on or before August 5, 2022. All due diligence items have been completed and the final acquisition documents have been signed. All acquisition formalities bookkeeping items associated with the transfer of shares have been completed and our CEO’s holding has been finalized on the company’s official shareholder records. Two classes of shares were used for the transaction: (a) the 2022 Series A Preferred (non-participatory and non-convertible), and (b) Five (5) billion shares of the Company’s common stock which are under LOCK-UP for two years. The shares used would not increase the float for a minimum of two years. After the expiration of the two year lock-up, traditional control-restriction would apply to the five (5) billion shares. The consolidated firm could run as a “holdco” or as a “joint-venture” wherein portfolio/acquired business operations go into the vehicle best suited for it based on management’s best judgment. All conditions precedent has been met and no material item is outstanding.