FullCircle Registry Inc. signed a merger agreement with Galaxy Next Generation Inc., pursuant to which Galaxy shareholders will transfer all the outstanding shares of Galaxy common stock to FullCircle unit Galaxy MS Inc.
In return, FullCircle will transfer shares of its common stock to Galaxy shareholders sufficient to provide them with an 89% ownership interest in FullCircle. Upon completion of the proposed transaction, Galaxy will become a wholly owned subsidiary of FullCircle, according to a June 7 SEC filing.
Galaxy Next Generation Inc. is a U.S. distributor of interactive learning technology hardware and software.
