Nu-Med Plus Closes Avid Gold Acquisition, Cedes Control to New Director in Desperate Pivot
NUMD has more than doubled off its 52-week low of $0.008.
Summary
Nu-Med Plus closed its acquisition of Avid Gold, issuing preferred shares that give control to new director Fred Tejada, as the company pivots to gold exploration to escape financial collapse.
Key Events · M&A and Partnerships · NUMD
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Acquisition Closed
On July 8, 2026, Nu-Med Plus completed the acquisition of Avid Gold, issuing 4.5 million Series A Preferred Shares to Avid shareholders and making Avid Gold a wholly-owned subsidiary.
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Change of Control
Fred Tejada received 1 million Series X Super Voting Preferred Shares, giving him 100 million votes (44.5% of total voting power), and was appointed director, Sr. VP, and Chief Geologist, resulting in a change of control.
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Insider Compensation
A total of 500,000 Series A Preferred Shares were issued as compensation for services rendered to CEO William Hayde's trust, CFO Keith Merrell, and an entity affiliated with James Hock.
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Governance Overhaul
Director Jeffrey Robins resigned; the board size was set at three; and the company entered into a Voting Agreement, Registration Rights Agreement, and new Consulting Agreements with key officers.
Analysis · NUMD · Industrial Applications And Services
With cash only through June 30 and facing imminent financial collapse, Nu-Med Plus completed its acquisition of Avid Gold on July 8, issuing 4.5 million Series A preferred shares to Avid shareholders. The deal hands effective control to Fred Tejada, who received 1 million super-voting Series X shares giving him 44.5% voting power, and was appointed director and chief geologist. Existing management received 500,000 Series A preferred shares as compensation. The company must now seek shareholder approval for a 1-for-27 reverse stock split, a massive authorized share increase to 500 million, and a redomicile to Nevada — all aimed at enabling the gold exploration pivot and future financing. The transaction is a last-ditch survival move that fundamentally alters the company's ownership, governance, and business direction.
At the time of this filing, NUMD was trading at $0.02 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $1.5M. The 52-week trading range was $0.01 to $0.14. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.