{"id":77584,"date":"2024-03-12T15:28:39","date_gmt":"2024-03-12T20:28:39","guid":{"rendered":"https:\/\/equitynewsreport.com\/minim-and-e2companies-announce-merger-to-enhance-grid-solutions\/"},"modified":"2024-03-12T15:28:39","modified_gmt":"2024-03-12T20:28:39","slug":"minim-and-e2companies-announce-merger-to-enhance-grid-solutions","status":"publish","type":"post","link":"https:\/\/equitynewsreport.com\/h\/minim-and-e2companies-announce-merger-to-enhance-grid-solutions\/","title":{"rendered":"Minim and e2Companies announce merger to enhance grid solutions"},"content":{"rendered":"
\n
\n\"Minim
\n\u00a9 Reuters. <\/span>
\n<\/i>\n<\/div>\n

MANCHESTER, N.H. – Minim, Inc. (NASDAQ: MINM), a provider of intelligent networking products, has revealed a definitive merger agreement with e2Companies, LLC, a privately held company specializing in energy solutions. The all-stock transaction aims to create a NASDAQ-listed entity focused on Automated Grid Stability, with a projected completion in the second quarter of 2024.<\/p>\n

The merger is set to advance the commercialization of e2Companies’ technology platform, addressing the critical need for modernization of the aging infrastructure of the U.S. power grid. Post-merger, the entity will be named e2Companies, Inc. and will continue to trade on the Nasdaq Capital Market.<\/p>\n

James Richmond, CEO and President of e2Companies, expressed optimism about the merger’s potential to accelerate AI data-driven networking solutions for their customers. David Lazar, Co-CEO of Minim, also conveyed excitement about the merger’s prospects for disrupting the energy sector with Grid 3.0 energy solutions.<\/p>\n

According to the merger agreement, e2Companies will merge into a wholly owned subsidiary of Minim. e2Companies’ common unit holders will own approximately 97% of the combined company, and Minim securityholders will own about 3%, on a fully diluted basis. The new company’s headquarters will be located in Bonita Springs, FL, and the Board of Directors will consist of seven members, including two designated by Minim.<\/p>\n

The transaction has received approval from the Boards of both companies and is subject to customary closing conditions, including Minim stockholder approval and the effectiveness of a registration statement on Form S-4 to be filed by Minim.<\/p>\n

Minim is known for delivering smart software-driven communications products, while e2Companies has developed the R3Di\u00ae System, a technology for continuous on-site power and seamless resiliency, independent of grid conditions.<\/p>\n

The merger is anticipated to unite Minim’s networking prowess with e2Companies’ energy solutions, potentially setting a new standard for grid modernization. This news is based on a press release statement, and further details will emerge as the transaction progresses.<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. MANCHESTER, N.H. – Minim, Inc. (NASDAQ: MINM), a provider of intelligent networking products, has revealed a definitive merger agreement with e2Companies, LLC, a privately held company specializing in energy solutions. The all-stock transaction aims to create a NASDAQ-listed entity focused on Automated Grid Stability, with a projected completion in the second quarter of 2024. The merger is set to advance the commercialization of e2Companies’ technology platform, addressing the critical need for modernization of the aging infrastructure of the U.S. power grid. Post-merger, the entity will be named e2Companies, Inc. and will continue to trade on the Nasdaq Capital […]<\/p>\n","protected":false},"author":5,"featured_media":77585,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49,50,48,3],"tags":[],"_links":{"self":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts\/77584"}],"collection":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/comments?post=77584"}],"version-history":[{"count":0,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts\/77584\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/media\/77585"}],"wp:attachment":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/media?parent=77584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/categories?post=77584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/tags?post=77584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}