RETRANSMISSION: Vicapsys Life Sciences Completes Reverse Merger with Stateline Distributors of Puerto Rico and Signs Definitive Agreement to Acquire NitroMist(R), Creating a Vertically Integrated Pharmaceutical Manufacturing and Distribution Platform Serving Federal, Tribal and Underserved Markets
Vicapsys Life Sciences (OTC: VICP) completed its reverse merger with Stateline Distributors of Puerto Rico, effective September 3, 2026, making Stateline a wholly owned subsidiary and giving VICP a licensed wholesale drug distribution business with roughly 400 active healthcare accounts in Puerto Rico and a 50-state title model via 3PL partner Drugzone. VICP signed a definitive agreement to acquire NitroMist, an FDA-approved but discontinued nitroglycerin lingual aerosol (NDA 021780), from KCK Sunshine for a $2.0 million convertible note bearing 15% interest, convertible at $1.00 per share; closing remains subject to FDA acknowledgment of the NDA transfer.
Key figures
- Deal Value Usd
- 2000000
- Note maturity
- 5 years
- Cleanroom sqft
- 50000
- Conversion price
- $1.00 per share
- Conversion window
- 36 months
- Facility size sqft
- 120000
- Note interest rate
- 15% per annum simple
- Healthcare accounts
- 400
AI analysis
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