Across America Financial Services, Inc. (AAFS), a provider of mortgage broker service for commercial real estate transactions, has acquired Omni Bio Operating, Inc. (formerly known as Apro Bio Pharmaceutical Corporation), a development stage biopharmaceutical company. Both the companies are based in the US.
Under the transaction, Across America Acquisition Corp., a wholly-owned subsidiary of AAFS, was merged into Apro and Apro became a wholly-owned subsidiary of AAFS and changed its name to Omni Bio Operating. The shareholders of Apro were issued a total of 18,210,295 shares of AAFS' common stock in exchange for their Apro shares.
In conjunction with the acquisition, AAFS raised $1.87 million in gross proceeds, which was led by an institutional investor.
Under the transaction, Across America Acquisition Corp., a wholly-owned subsidiary of AAFS, was merged into Apro and Apro became a wholly-owned subsidiary of AAFS and changed its name to Omni Bio Operating. The shareholders of Apro were issued a total of 18,210,295 shares of AAFS' common stock in exchange for their Apro shares.
In conjunction with the acquisition, AAFS raised $1.87 million in gross proceeds, which was led by an institutional investor.
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