Shorepower Technologies completes merger with Aeternum Health, shifts focus to longevity healthcare
Shorepower Technologies, Inc. consummated its merger with Aeternum Health LLC on June 30, 2026, with Shorepower as the surviving entity. The company changed its name to Aeternum Health, Inc. and its trading symbol to AETN. Under the merger agreement, Paul Mann, formerly manager of Aeternum Health, became President, CEO, and sole director, while prior CEO Jeff Kim resigned. Shorepower issued 49,000,000 common shares (51% ownership) and 2,000,000 Series B preferred shares to Mann. The company is divesting its transportation electrification business and refocusing on mining of critical minerals and longevity-focused healthcare solutions.
Key facts
- Merger consummated June 30, 2026 with Shorepower as surviving entity
- Company name changed to Aeternum Health, Inc.; trading symbol changed to AETN
- Paul Mann issued 49,000,000 common shares (51% ownership) and 2,000,000 Series B preferred shares with 40 votes per share
- Aeternum Health contributed minimum $1,500,000 in assets including critical minerals sources and peptide-mix IP for longevity/anti-aging
- 96,105,204 common shares and 2,000,000 Series B preferred shares outstanding as of June 30, 2026
- Jeff Kim resigned as President, CEO, and sole director
- Company authorized shares increased from 100 million to 250 million
- Pro forma accumulated deficit of $(8,388,144) as of March 31, 2026
Why it matters
The completed merger represents a fundamental change in Aeternum Health's business model, shifting from a transportation electrification equipment company to a healthcare-focused enterprise pursuing critical minerals mining and longevity product development, with controlling ownership transferred to Paul Mann and the prior management team departing.
Developing story
- NT 10-Q
- 8-Kthis filing
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Derived from 8-K filed 2026-07-07. Not investment advice. View the source filing on SEC.gov →