Bazi International Inc. (Irvine, Calif.), a publicly traded provider of energy shots with superfruits and added nutrients, has entered into a merger agreement with GT Beverage Company Inc. (San Juan Capistrano, Calif.). GT Beverage shareholders will retain approximately 95.5% of Bazi's total common shares outstanding.
In connection with the merger agreement, GT Beverage has issued a line of credit to Bazi for up to $600,000. GT Beverage makes vitamin-enhanced water drinks that were created as low-calorie, low-sugar alternatives to juice and soda for children.
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