New You Inc. (OTCPK:NWYU) into an Exchange Agreement to acquire ST Brands, Inc. on May 3, 2021. As per terms of transaction, New You Inc. issued newly-designated Series A Preferred Stock. The class of Series A Preferred Stock consists of 4.5 million shares of preferred stock convertible to our common stock at a ratio of 100 for 1. Under the Initial Closing on the date of the Agreement, we issued 0.5 million shares of Series A Preferred Stock to the Shareholders. New You Inc. (OTCPK:NWYU) completed the acquisition of ST Brands, Inc. on May 3, 2021.