Friday, April 23, 2021
9:16 AM EST – Plymouth Rock Technologies Inc. : Announced that it has signed a binding LOI to acquire, in whole, Tetra Drones Limited, a developer of custom-made, high-performance and niche Unmanned Aircraft Systems (UAS). The proposed transaction will take the form of a corporate combination whereby PRT will acquire all of the then issued and outstanding shares of Tetra Drones. Tetra has issued and outstanding share capital of 100 ordinary shares held by the sole Shareholder, Mr. Ben Pickard. The terms of the LOI shall be a binding agreement of the parties. The form and substance of a definitive agreement is to be negotiated on or before April 30, 2021. Plymouth Rock has agreed to acquire the Tetra Shares for the sum of £350,000 payable in installments and satisfied in cash. Plymouth Rock Technologies Inc. (C.PRT) shares were unchanged at 0.64.
Stocks in Play: Plymouth Rock Technologies Inc., Fri, 23 Apr 2021 09:27:06 EST