Under the terms of the Letter of Intent, the Company will purchase all of the assets of Premergy, including its patents, in exchange for shares of the Company’s Common Stock, and the assumption of certain liabilities of Premergy.
“I am very excited to announce that we have entered into a Letter of Intent to acquire 100% of the assets of Premergy, Inc. Premergy’s patented technology is on the leading edge in the EV battery management and control industry,” stated Chris Winter, President of Innovative Holdings Alliance, Inc.
Shares closed Friday trade at $0.45.
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