Polomar Health Services, Inc. has announced its entry into an Agreement and Plan of Merger and Reorganization with Altanine Inc., under which Polomar Merger Sub, Inc. will merge with and into Altanine. Following the merger, Altanine will become a wholly owned subsidiary of Polomar Health Services, with Altanine continuing as the surviving company. As part of the transaction, Charles Andres, Jr., currently Altanine's CEO, will be appointed as CEO of Polomar Health Services, and Terrence M. Tierney will transition to the role of Executive Vice President and Chief Administrative Officer. The merger, approved by the boards of both companies, includes plans for a Nasdaq listing application and efforts to secure an Equity Credit Line of at least $25 million. The new board will be comprised of four appointees from Altanine and one from Polomar Health Services.
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