White Fox Ventures announces leadership change and controlling interest sale

White Fox Ventures, Inc. (OTCMKTS:AWAW), a company with a market capitalization of $128.87 million and a current stock price of $30.07, reported a change in company leadership and a pending transfer of controlling equity, according to a press release statement based on a filing with the Securities and Exchange Commission. InvestingPro analysis indicates the company maintains a FAIR financial health score of 2.34, though it faces challenges with weak gross profit margins.

On Monday, the company’s control shareholder entered into a Simple Agreement for Future Equity (SAFE) to sell shares representing 60% of the total voting power of the company to Mark A. Jones, an entrepreneur based in Mableton, Georgia. The transaction will be completed after Mr. Jones pays the full purchase price.

Also on Monday, Frank I. Igwealor resigned from his positions as President, Chief Executive Officer, Director, Secretary, and Treasurer of White Fox Ventures. The resignation followed the execution of a Securities Purchase Agreement to transfer the controlling preferred stock to Mr. Jones.

Following Mr. Igwealor’s resignation, the company appointed Mark A. Jones as its new President, CEO, and Director, with the appointment effective immediately.

The information is based on a press release statement and the company’s recent SEC filing.

In other recent news, 4Front Ventures (OTC:FFNTF) Corp. has filed for bankruptcy under the Canadian Bankruptcy and Insolvency Act, with B. Riley Farber Inc. appointed as the trustee to manage its assets. This development follows the company’s transition from the OTCQB Venture Market to the OTC Pink Market due to its failure to submit audited financial statements for the year ended December 31, 2024. Meanwhile, NFiniTi inc. completed a strategic acquisition of Metavox Holdings LLC through a share exchange agreement, resulting in NFiniTi 2 Inc. acquiring all of Metavox’s membership interests. As part of the agreement, 90% of NFiniTi 2 Inc.’s equity was issued to Metavox’s members, while Metavox will operate as a wholly owned subsidiary. Additionally, Greenway Technologies, Inc. has entered into a material definitive agreement with Renewable Elements, LLC, involving a $1.3 million non-refundable deposit for a G-Reformer™ pilot site. Lastly, Quartz Mountain Resources Ltd. has submitted its quarterly financial statements to the U.S. Securities and Exchange Commission, including management’s discussion and analysis and certification documents. These developments highlight significant moves in the corporate landscape, impacting stakeholders and investors alike.

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