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Thursday, August 11, 2022

The Rapid Rise of Cruzani Inc (OTCMKTS: CZNI) the Bowmo Reverse Merger

Cruzani Inc (OTCMKTS: CZNI) is the latest reverse merger runner making big gains on the OTC ever since the Company reported via 8k they entered into a reverse triangular merger, pursuant to which Bowmo, Inc. was the surviving corporation. Bowmo’s two majority shareholders, Michael Lakshin and Edward Aizman, received a total of 1,000,000 shares of CZNI Series G Preferred Stock holding the voting rights to 78% of the total voting equity securities. Mr. Lakshin was issued 448,000 shares and Mr. Aizman was issued 552,000 shares. Bowmo’s human resources software consists of an Artificial Intelligence (“AI”) driven platform to automate the end-to-end hiring processes with its AI-based matching engine while providing just-in-time content, resources, and tools, such as video interviewing and cultural and technical assessments so that hiring organizations can vet their candidates. 

Reverse merger stocks can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and we have covered many on the website that have gone from pennies to dollars. Two recent RM runners that stand out are TSNP which went from sub pennies (where we first wrote about it) to several dollars per share. The other is HRBR which went from a few cents (where we first wrote about it) to $3 plus. CZNI has certainly not disappointed so far, the stock was up 50% on Thursday and 66% on Friday trading 1.6 billion shares on $840,000 in dollar volume on Friday alone. The stock is quickly developing a cult like following that is heavily accumulating at current levels who see big things happening in the Bowmo reverse triangular merger currently trading at a just a $4.6 million total market valuation. 

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Bowmo™, Inc. (OTCMKTS: CZNI) is providing an intelligent software solution for the staffing and recruiting industry that seamlessly integrates into existing ATS – applicant tracking systems. The company helps to revive the recruiter’s human touch and evolve the candidate sourcing process. bowmo™, Inc. embraces the challenges of the recruiter by providing the means to quicker, more efficient, and conversant candidate sourcing. Time spent searching and time to hire drops dramatically, freeing the recruiter up to engage more clients and business partners in growing their businesses with the very best matched candidates. 

Prior to the reverse merger with Bowmo, Cruzani had been a franchise development company that built and represented popular franchise concepts, and other related businesses, throughout the United States as well as international markets. The Company was originally formed as a limited liability company on February 5, 1999 under the name The Powerhouse, L.L.C. pursuant to the laws of the State of Oklahoma. On November 9, 2006, Powerhouse Productions, L.L.C. filed Articles of Conversion changing the entity from a limited liability company to a corporation under the name Harcom Productions, Inc. On January 25, 2010, Articles of Merger were filed with the State of Oklahoma merging U.S. Highland, Inc., an Oklahoma corporation into Harcom Productions, Inc. and the name of the corporation was changed to US Highland, Inc. US Highland, Inc. was a recreational power sports Original Equipment Manufacturer (“OEM”), developing motorcycles, quads, single cylinder engines, and v-twin engines under its own brand and for other OEMs. During 2017, the Company exited the recreational power sports OEM and leisure activity vehicles markets. 

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On May 4, 2022, Cruzani, Inc., Bowmo Merger Sub, Inc., Bowmo, Inc., and the shareholders of Bowmo, Inc. entered into a reverse triangular merger, pursuant to which Bowmo, Inc. was the surviving corporation.  As a result of the merger, registrant acquired from Bowmo the following assets: 

Bowmo’s human resources software consists of an Artificial Intelligence (“AI”) driven platform to automate the end-to-end hiring processes with its AI-based matching engine while providing just-in-time content, resources, and tools, such as video interviewing and cultural and technical assessments so that hiring organizations can vet their candidates. 

As consideration for the assets Cruzani issued to Bowmo’s two majority shareholders, Michael Lakshin and Edward Aizman, a total of 1,000,000 shares of its Series G Preferred Stock holding the voting rights to 78% of the total voting equity securities. Mr. Lakshin was issued 448,000 shares and Mr. Aizman was issued 552,000 shares. 

As a result of the merger, on May 4, 2022, control of registrant changed from its prior majority shareholder, Conrad R. Huss, to Michael Lakshin and Edward Aizman who now control the voting rights to 78% of the total voting equity securities. 

In addition, on May 9, 2022, at a meeting of registrant’s Board of Directors, Mr. Huss appointed Mr. Lakshin and Mr. Aizman as additional directors.  Mr. Lakshin and Mr. Aizman now hold two of the three positions on Bowmo’s Board of Directors. Prior to the merger, Conrad R. Huss was the sole director and officer of registrant. 

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Currently trading at a $4.6 million market valuation CZNI is the latest reverse merger runner making big gains on the OTC ever since the Company reported via 8k they entered into a reverse triangular merger, pursuant to which Bowmo, Inc. was the surviving corporation. Bowmo’s two majority shareholders, Michael Lakshin and Edward Aizman, received a total of 1,000,000 shares of CZNI Series G Preferred Stock holding the voting rights to 78% of the total voting equity securities. Mr. Lakshin was issued 448,000 shares and Mr. Aizman was issued 552,000 shares. Bowmo’s human resources software consists of an Artificial Intelligence (“AI”) driven platform to automate the end-to-end hiring processes with its AI-based matching engine while providing just-in-time content, resources, and tools, such as video interviewing and cultural and technical assessments so that hiring organizations can vet their candidates. Reverse merger stocks can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and we have covered many on the website that have gone from pennies to dollars. One recent RM runner that stands out is TSNP which went from sub pennies (where we first wrote about it) to dollars. CZNI is quickly developing a cult like following that is heavily accumulating at current levels who see big things happening in the Bowmo reverse triangular merger currently trading at a just a $4.6 million total market valuation CZNI has certainly not disappointed so far, the stock was up 50% on Thursday and 66% on Friday trading 1.6 billion shares on $840,000 in dollar volume on Friday alone. We will be updating on CZNI when more details emerge so make sure you are subscribed to Microcapdaily.

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Disclosure: we hold no position in CZNI either long or short and we have not been compensated for this article

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