Medi-Scan, Inc. entered into an exchange agreement to acquire HYB Holding Corp. (OTCPK:HYBG) from David Rubin and others for $13.8 million in a reverse merger transaction on November 12, 2020. David Rubin held 66.6% stake in HYB Holding Corp. HYB Holding Corp. issued 156,837 shares of Series A Preferred Stock as consideration where each share of Series A Preferred Stock is convertible into 2,000 shares of common stock, and has voting rights equal to those of the holders of 2,000 shares of common stock. Upon the close of the transaction, the former shareholders of Medi-Scan will own 97% of the HYB Holding's equity interest. Officers and directors of HYB Holding will remain same post closing of the transaction. As a condition to closing of the transaction, on November 16, 2020, HYB Holding issued 7% Convertible Debentures in the aggregate principal amount of $0.38 million to the four investors who had previously purchased 7% Exchangeable Notes from Medi-Scan.

Medi-Scan, Inc. completed the acquisition of HYB Holding Corp. (OTCPK:HYBG) from David Rubin and others in a reverse merger transaction on November 16, 2020. On November 23, 2020, the majority shareholders of HYB Holding Corp. approved resolution adopted by the Board of Directors of HYB Holding Corp. to amend the articles of incorporation of HYB Holding Corp. so as to change the name of the corporation to Healthtech Solutions, Inc.