Hank Payments Challenges Melrose Ventures' Takeover Claims

Hank Payments Corp., a North American Banking-as-a-Service provider, has contested a takeover attempt by Melrose Ventures. In a November 4th press release, Hank refuted Melrose's claims, labeling them as meritless and defamatory. Hank clarified that it holds no debt to Melrose and that Melrose's assertions of owning over 10% of Hank are unsubstantiated by filed reports or regulatory documentation.

The Melrose Group's intention to exceed a 51% stake by acquiring 8.5 million shares conflicts with Hank's existing 132,720,376 shares. Email communications from Melrose indicated a takeover intent, followed by threats of press disclosure, yet no formal offer has been presented.

Despite these claims, Hank is committed to its ongoing acquisition plan, which has shown promising customer interest and revenue growth. The company remains open to legitimate takeover offers, adhering to regulatory standards.