Home Bistro Inc. (OTCPK:HBIS) entered into a membership interest purchase agreement to acquire Homemade Meals, LLC for $4.2 million on July 12, 2021. The company agreed to issue to 4,266,666 shares of the company’s restricted common stock in exchange for 100% of the membership interests of Homemade Meals, LLC. Post-transaction, Homemade Meals, LLC will become a wholly owned subsidiary of Home Bistro Inc. The shares are subject to a 24 month lockup and leak-out agreement.