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Conflux Energy to acquire Whitebark's Wizard Lake stake

RECENTLY ACQUIREDSep 17, 2025

Acquiring Company

Betters Medical Investment Holdings Limited

Acquired Company

Whitebark Energy

New YorkBiotechnologyFinancial ServicesHealth CareMedicalMedical DeviceEnergyOil And GasRenewable EnergyBiomass Energy

Description

Conflux Energy Corp will acquire the remaining 10% interest of Whitebark Energy in the Wizard Lake assets. This follows a previous sale of a 90% stake to Conflux. The transaction is valued at CAD$141,486. Whitebark's decision to divest allows it to focus on its Australian assets.

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Company Information

Company

Betters Medical Investment Holdings Limited

Location

731 Lexington Avenue

New York, New York, United States

About

Betters Medical Investment Holdings Limited, also known as Baird Medical, is a leading developer and provider of microwave ablation ('MWA') medical devices in China and the United States. The company has played a crucial role in obtaining Class III certifications for MWA devices, allowing it to navigate regulatory changes and maintain its market position.

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Frequently asked

Who acquired Whitebark Energy?

Whitebark Energy was acquired by Betters Medical Investment Holdings Limited, based in New York. The deal was reported on September 17, 2025. Betters Medical Investment Holdings Limited, also known as Baird Medical, is a leading developer and provider of microwave ablation ('MWA') medical devices in China and the United States. Betters Medical Investment Holdings Limited is privately held and operates in Biotechnology.

When did Betters Medical Investment Holdings Limited acquire Whitebark Energy?

Betters Medical Investment Holdings Limited's acquisition of Whitebark Energy was reported on September 17, 2025. Conflux Energy Corp will acquire the remaining 10% interest of Whitebark Energy in the Wizard Lake assets. This follows a previous sale of a 90% stake to Conflux. The transaction is valued at CAD$141,486. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Whitebark Energy do?

Whitebark Energy focuses on upstream oil and gas operations, transitioning towards cleaner energy solutions. The company is involved in the exploration and production of natural hydrogen, helium, and hydrocarbons. It is privately held, operating in Energy.

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