Termination of Altanine Merger Agreement and Pinata IP License
Polomar Health Services, Inc. and Altanine, Inc. have mutually agreed to terminate their Agreement and Plan of Merger, originally dated July 23, 2025, as amended. The termination, effective June 12, 2026, was due to the merger no longer being in the best interests of the respective corporations and their shareholders. Concurrently, Polomar and Pinata Holdings, Inc. (a subsidiary of Altanine) have terminated their Know How and Patent License Agreement, also effective June 12, 2026. Polomar has until September 7, 2026, to dispose of any remaining inventory or products developed under the patent agreement. The termination agreement includes mutual releases of merger-related claims between the parties, with Polomar making a payment of $36,000 to Altanine in three installments. Both parties will bear their own costs and expenses related to the merger and its termination. This agreement does not constitute an admission of liability by either party.