Minim to Merge with e2Companies

March 13, 2024

DENVER, Colo., Mar 13, 2024 (247marketnews.com)- Minim, Inc. (NASDAQ:MINM) stated, after yesterday’s market close, that it agreed to merge with privately held e2Companies, LLC, in which the companies will combine in an all-stock transaction, with the combined company’s focus being on continuing to drive proprietary solutions for grid modernization.

“This agreement comes at a pivotal time for e2Companies as we advance the commercialization of our technology platform,” said James Richmond, CEO and President of e2Companies. “The aging infrastructure of our country’s grid and the increased need for demand-side innovation is critical. Our merger with Minim should allow us to accelerate AI data-driven networking solutions for the people that need it most, our customers.”

The merger is expected to close in the second quarter of 2024 and expected to operate under the name e2Companies, Inc., and trade on the Nasdaq Capital Market.

David Lazar, Co-CEO of Minim, commented, “After running a very thorough merger process, we are extremely excited to announce this transaction. We believe that e2Companies could disrupt the energy sector by providing Grid 3.0 energy solutions.”

The Board of Directors of Minim and the managers of e2Companies approved the transaction.

“We are thrilled that James has agreed to lead the combined company,” said David Lazar, Co-CEO of Minim Inc.

The transaction has been approved by the Board of Directors of Minim and the managers of e2Companies and is expected to close in the second quarter of 2024, subject to customary closing conditions, including the effectiveness of the registration statement on Form S-4 to be filed by Minim and the approval by Minim stockholders.

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