공시 • Nov 17
Majic Wheels Corp. announced that it expects to receive $40 million in funding from Glazer Capital, LLC Majic Wheels Corp. announced that it has entered into a forward share purchase agreement for up to $40,000,000 on November 15, 2022. The transaction included participation from Meteora Capital Partners, LP, a fund managed by Glazer Capital, LLC and its affiliates. 공시 • Oct 19
Majic Wheels Corp. Announces CEO Changes Majic Wheels Corp. has announced that its board of directors has accepted the resignation of David Chong as CEO, effective October 18, 2022. The board has appointed Sathyanandham Anguswami as CEO, effective October 18, 2022. Sathya is a technocrat and veteran fund manager, with over 30 years’ experience in India, UAE, and US equity markets, as well as in Global Currency and Commodities F&O markets. He has managed a $100 million proprietary fund, and is a FINRA Series 3 professional, and a DIFX Certified Trading Manager. 공시 • Jun 29
Majic Wheels Corp. Appoints Jeffrey Coats as Executive Chairman and Chief Strategy Officer Majic Wheels Corp. announced that it is welcoming a new member to its C-suite. Joining the diverse, global team behind the Majic Wheels operation is Jeffrey Coats, who brings with him a rich background ranging from political analysis to internet-focused equity investment and high-level consulting. He will be assuming the official roles of Chief Strategy Officer and Executive Chairman of the Board, in addition to overseeing investor relations, banking relationships, as well as financial and corporate activities to properly position the company for a future NASDAQ uplisting. Currently, a co-managing partner at private investment firm Bowery Investments LP and managing director of financial and investment consulting company Maverick Associates LLC, Jeffrey has previously been a board of directors member of several publicly traded and a myriad of privately-held organizations. Jeffrey also served as President and CEO of Autobytel/AutoWeb (ABTL/AUTO) for over a decade, and successfully led the organizations turnaround. Prior to this, Jeffrey was Managing Director of GE Capital Corporate Finance Group Inc. (CFG), a subsidiary of General Electric Capital Corporation, where he founded and managed CFGs Restructuring Group, which provided debt and equity solutions. He continues to serve on Fathom Realtys board (FTHM), a publicly-traded real estate brokerage enterprise, as Chairman of the Compensation Committee and an Audit Committee member. Equipped with a BBA in Finance from the University of Georgia, an MBA in International Management from the American Graduate School of International Management, and unique insight developed through deep experience, the holding company firmly believes that Jeffrey will make a fantastic addition to the executive lineup. 공시 • Jun 28
Majic Wheels Corp. Appoints Jeffrey Coats as Chairman & Chief Strategy Officer Majic Wheels Corp. announced that it is welcoming a new member to its C-suite. Joining the diverse, global team behind the Majic Wheels operation is Jeffrey Coats, who brings with him a richbackground ranging from political analysis to internet-focused equity investment and high-level consulting. He will be assuming the official roles of Chief Strategy Officer and Executive Chairman of the Board, in addition to overseeing investor relations, banking relationships, as well as financial and corporate activities to properly position the company for a future NASDAQ uplisting. Currently, a co-managing partner at private investment firm Bowery Investments LP and managing director offinancial and investment consulting company Maverick Associates LLC, Jeffrey has previously been a board of directors member of several publicly traded and a myriad of privately-held organizations. Jeffrey also served as President and CEO of Autobytel/AutoWeb for over a decade, and successfully led the organization’s turnaround. Prior to this, Jeffrey was Managing Director of GE Capital Corporate Finance Group Inc. a subsidiary of General Electric Capital Corporation, where he founded and managed CFG’s Restructuring Group, which provided debt and equity solutions. He continues to serve on Fathom Realty’s board a publicly traded real estate brokerage enterprise, asChairman of the Compensation Committee and an Audit Committee member. Equipped with a BBA in Finance from the University of Georgia, an MBA in International Management from the American Graduate School of International Management, and unique insight developed through deep experience, the holding company firmly believes that Jeffrey will make a fantastic addition to the executive lineup. 공시 • May 17
Majic Wheels Corp. to Report Q1, 2022 Results on May 16, 2022 Majic Wheels Corp. announced that they will report Q1, 2022 results During-Market on May 16, 2022 공시 • Dec 28
Majic Wheels Corp. (OTCPK:MJWL) completed the acquisition of 26% stake in Bamboo Wellness Holdings Limited. Majic Wheels Corp. (OTCPK:MJWL) signed a letter of Intent to acquire majority interest in Bamboo Wellness Holdings Limited on October 1, 2021.
Majic Wheels Corp. (OTCPK:MJWL) completed the acquisition of 26% stake in Bamboo Wellness Holdings Limited on December 27, 2021. Bamboo will continue to be led by Chief Executive Officer Vincent Kwo and its existing senior leadership team. The business will continue to operate as a separate company. The transaction valued at $26 million is being funded partly by cash and new shares of Majic, providing a post money valuation of Bamboo at $126 million. Majic also holds an option to exercise a First Right of Refusal to increase the interest of Majic in Bamboo to 51% based upon the same terms.