MOSHN Enters Letter of Intent to Sell a Majority Stake of the Business
For Immediate Release
MOSHN Board Approves Agreement to Enter Letter of Intent to sell Majority of the Business at a $5-10M Valuation.
Health Tech start-up focused on personalized, affordable fitness secures strategic opportunity with US publicly traded company.
TORONTO - June, 2022 -- MOSHN Life Tech is changing the game in the at home fitness space, bringing together a community of trainers and trainees supported by a powerful app integration and connected health devices.
MOSHN’s most recent wearable, the MAX 2, tracks personal progress through key metrics such as cadence, distance, kcals, pace and steps. This allows trainers and trainees, friends and other MOSHN community members to monitor their activity with each other in real time.
MOSHN is happy to announce that a US publicly traded company has offered a stock and cash deal valuing MOSHN at $5-10 million.
For confidentiality reasons the US publicly traded company is not being disclosed. It intends to acquire MOSHN as the first step in a strategic roll-up process designed to add shareholder value. “The deal is great support for the fundamentals we have built including the platform, content, ambassadors, technology and wearables, says Adrian Capobianco, CEO MOSHN.”
visit www.moshn.fit and check out MOSHN
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MOSHN.fit is a complete eco-system that empowers people to live a fit and healthy lifestyle through personalized affordable fitness. Our vision at MOSHN.fit is to make the world a healthier place through personalized fitness for all and enable members to live a healthier life.
MOSHN.fit users have access to tailored training content, both live and on-demand with personalized access to top coaches and trainers for premium members. Connecting MOSHN.fit proprietary wearable technology with the app allows users to track personal fitness progress, meet coaches, connect with friends, and live a healthier life through an affordable and easily accessible platform.
MOSHN.fit hardware and app enable coaches and trainers to connect to their existing community and meet new trainees while providing the ultimate fitness experience for their followers. Combining data and the MOSHN.fit CRM engine, trainers and coaches can lead live and on-demand fitness classes as well as build personalized fitness programs for premium members.