ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On November 9, 2021, pursuant to the Letter of Intent signed on November 1,
2021, Healthtech Solutions, Inc. ("Healthtech") entered into a Share Exchange
Agreement (the "SEA") with its subsidiaries: Healthtech Oncology, Inc.
("HoldCo") and Varian Biopharmaceuticals, Inc. ("Varian"), as well as with the
holders of the outstanding shares of Healthtech Series C Preferred Stock (the
"Shareholders"). Pursuant to the SEA, (a) the Shareholders delivered to
Healthtech all of the outstanding shares of Healthtech Series C Preferred Stock
and (b) Healthtech caused HoldCo to transfer to the Shareholders all of the
outstanding shares of Varian common stock. At the same time, Varian issued to
Healthtech Varian shares that represent 5.5% of the outstanding shares of Varian
upon completion of the share exchange.
ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT
On November 9, 2021, pursuant to the Letter of Intent signed on November 1,
2021, Healthtech entered into a Termination and Mutual Release Agreement with
HoldCo and Varian (the "Termination Agreement"). The Termination Agreement
terminated the Agreement and Plan of Merger and Reorganization among those same
parties dated March 30, 2021. The Termination Agreement also included a
provision in which Varian assumes responsibility for payment of certain
obligations that Healthtech undertook for the benefit of Varian.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibits
10-a Share Exchange Agreement dated November 9, 2021 among Healthtech
Solutions, Inc., Healthtech Oncology, Inc., Varian Biopharmaceuticals,
Inc. and the holders of Healthtech Series C Preferred Stock.
10-b Termination and Mutual Release Agreement dated November 9, 2021 among
Healthtech Solutions, Inc., Healthtech Oncology, Inc., and Varian
Biopharmaceuticals, Inc.
© Edgar Online, source Glimpses