This reverse merger effectively resets the public entity as a vehicle for RagingBull's operations. Monitor future periodic filings for RagingBull's financials and growth strategy. The convertible notes at a low conversion price ($0.05) create significant potential overhang; any material news about the new business or further equity issuances could drive price action. The spinoff of LB Media for $750k provides cash for debt paydown but eliminates the legacy cannabis marketing business.
Price Chart
Executive Summary
Datz World Holdings Corp. (formerly LeafBuyer Technologies) completed a reverse merger with RagingBull.com, LLC, issuing 15,000,000 new shares and effecting a 1:156 reverse stock split. The transaction resulted in RagingBull holders owning ~95% of the combined company, a change of control with legacy management resigning and Anthony Bell appointed CEO. Simultaneously, the company spun off its LB Media unit for $750,000 cash and restructured existing debt, issuing convertible promissory notes totaling $991,878 with a conversion price of $0.05 per share.
Key Financial Metrics
Key Facts
- Reverse merger closed June 8, 2026: RagingBull.com, LLC became a wholly-owned subsidiary via merger with LB Acquisition Corp.
- 15,000,000 newly issued common shares delivered to RagingBull holders; post-merger and reverse split, RagingBull holders beneficially own ~95% of 15,641,482 shares outstanding.
- Company name changed to DATZ World Holdings Corp.; 1-for-156 reverse stock split effected.
- Legacy CEO Kurt Rossner, CFO Mark Breen, CTO Michael Goerner, and directors Jeff Rudolph and Kristin Baca resigned; Anthony Bell appointed CEO, Treasurer, Secretary, and Director.
- Spinoff: 100% of LB Media Group LLC sold to Foundation AI LLC for $750,000 cash.
- Debt exchange: $750,000 in cash repaid to lenders; MFA Holdings Corp. received a convertible note of $627,296 and Jeff Bishop received a convertible note of $364,582, each bearing 3% interest, maturing in 5 years, convertible at $0.05 per share.
- Series A Convertible Preferred Stock (324,327 shares) sold to Jeff Bishop for $1,000 aggregate purchase price.
Financial Impact
Legacy public shareholders diluted from 100% to approximately 5% ownership; company now controlled by RagingBull equity holders. Convertible notes represent potential additional dilution of up to ~19.8 million shares at $0.05 conversion price.
Risk Factors
- Massive dilution to legacy shareholders with limited trading liquidity in a post-reverse-split OTC stock.
- Convertible notes (total $991,878) represent a dilutive overhang if converted, potentially doubling share count.
- New business (RagingBull) has limited public disclosure; integration and execution risks are high.
- OTC-Markets listing subject to continued reporting compliance and potential delisting risk if financials are not timely filed.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 10 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001477932-26-003840 |
| Document: lbuy_ex106.htm | 0001477932-26-003840 |
| Document: lbuy_8k.htm | 0001477932-26-003840 |
| Document: lbuy_ex102.htm | 0001477932-26-003840 |
| Document: lbuy_ex101.htm | 0001477932-26-003840 |
| Document: lbuy_ex104.htm | 0001477932-26-003840 |
| Document: lbuy_ex103.htm | 0001477932-26-003840 |
| Document: 0001477932-26-003840-index-headers.html | 0001477932-26-003840 |
| Document: 0001477932-26-003840-index.html | 0001477932-26-003840 |
| Document: 0001477932-26-003840.txt | 0001477932-26-003840 |
US Market Status
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