Jul. 1 at 9:20 PM
$XAGE Update:
* New CEO **Ram Ajjarapu** invested **
$200,000 of his own money** at **
$0.29/share**, becoming one of the company's largest shareholders (~28% ownership).
* The company has shifted from pursuing a single merger to an **acquisition strategy**, aiming to buy businesses that can improve revenue and profitability.
* The previous **THPlasma merger was terminated**, so there is currently **no active merger**.
* Financially, XAGE remains under pressure with limited cash and ongoing losses, making future funding or an acquisition important.
* The next major catalyst to watch is an **8-K filing announcing a letter of intent, acquisition, or strategic transaction**
