Mergers & Acquisitions ·
StageWise agrees to acquire TEG SPV for 183M shares in merger with $18M concurrent financing
STWITeg Overseas, Inc.
StageWise Strategies Corp. entered into a Share Exchange Agreement to acquire approximately 99.99999012% of the participatory interests in TEG SPV, an Uzbekistan-based entity, from Tourism and Entertainment Group LLC and Irodakhon Abduvakhitova. The transaction involves issuing 183,098,434 shares of common stock to the sellers, which will represent approximately 97.3% of the company's outstanding shares post-transaction. Closing is subject to customary conditions, including a concurrent financing raising at least $18 million and regulatory approvals in Uzbekistan. The deal is expected to close by December 31, 2026, with TEG SPV becoming the principal business of StageWise Strategies Corp., which operates as an investment holding company.