LOI | Jotup

City of Adelanto to Join Mojave Basin "One Water" Plan

Retrieved on:

Thursday, February 1, 2024

LOS, City, Investment, Cádiz, Groundwater, Water supply, LOI, Water, High desert, Letter, Health, Renewable energy

LOS ANGELES, Feb. 1, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP, the "Company") announced today that the City of Adelanto, California has signed a Letter of Intent with Fenner Gap Mutual Water Company ("Fenner Gap") to join Victor Valley water agencies in developing an integrated water management and infrastructure investment plan for the Mojave Basin region. As part of the agreement, Fenner Gap will provide 25,000 acre-feet of water to the City of Adelanto from the Cadiz Water Conservation, Supply and Storage Project.

Key Points:

As part of the agreement, Fenner Gap will provide 25,000 acre-feet of water to the City of Adelanto from the Cadiz Water Conservation, Supply and Storage Project.
"We are proud to work with the City of Adelanto as part of this important regional effort to develop a sustainable, reliable water supply strategy," said Susan Kennedy, Chief Executive Officer of Cadiz.
Under the LOI, Project water would be delivered to designated points of delivery within the Mojave River Basin on a space available basis.
Under the plan, pipelines, groundwater recharge basins, water supply, groundwater storage banks and water treatment facilities in Mojave River Basin, Fenner Valley and Morongo Basin would be integrated for the benefit of the region.

LEONOVUS ANNOUNCES SALE OF ASSETS AND DEBT SETTLEMENT

Retrieved on:

Wednesday, January 31, 2024

The Transaction is subject to the requirement that the Company and CRL enter into a definitive purchase and sale agreement (the "Definitive Agreement").

Key Points:

The Transaction is subject to the requirement that the Company and CRL enter into a definitive purchase and sale agreement (the "Definitive Agreement").
"Our historical quarterly Management Discussion and Analysis noted the Company's need to find a strategic solution such as merger, acquisition, or sale of assets.
Related party involvement in the Debt Settlement constitutes a "related party transaction".
The Company expects to complete the debt settlement following completion of the Transaction.

Richtech Robotics Signs Letter of Intent with Ghost Kitchens International Inc. to Revolutionize Dining Experience

Retrieved on:

Thursday, January 25, 2024

Drink, Natural language processing, ADAM, Food, POS, AI, LOI, Consumer Electronics Show, Ghost, IPO, Electronics, RR, Robotics, Automation, Restaurant

LAS VEGAS, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics”), a Nevada company and a provider of AI-driven service robots, announces a non-binding Letter of Intent (“LOI”) with Ghost Kitchens International Inc. (“Ghost Kitchens”) to launch 240 ADAM robotic beverage systems at Ghost Kitchens restaurants, some of which are currently located inside Walmart stores.

Key Points:

LAS VEGAS, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics”), a Nevada company and a provider of AI-driven service robots, announces a non-binding Letter of Intent (“LOI”) with Ghost Kitchens International Inc. (“Ghost Kitchens”) to launch 240 ADAM robotic beverage systems at Ghost Kitchens restaurants, some of which are currently located inside Walmart stores.
Under the LOI, Ghost Kitchens intends to purchase and deploy ADAM inside all current and upcoming Ghost Kitchens to improve operations and engage with customers.
We anticipate this union of Richtech Robotics and Ghost Kitchens will improve the customer experience, driving further awareness and success on both sides,” said George Kottas, CEO of Ghost Kitchens International.
Ghost Kitchens staff will be fully trained to work the ADAM, with Richtech committed to serving as a standing resource in real-time for any needed support.

Prime Drink Group Corp. Enters Into Binding Letter of Intent To Acquire Triani Canada Inc.

Retrieved on:

Monday, January 22, 2024

MONTREAL, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Prime Drink Group Corp. (CSE: PRME) (“Prime” or the “Company”) announces that it has entered into a binding letter of intent dated January 21, 2024 (the “Letter of Intent”) with 9296-0186 Québec Inc. (“9296”) whereby the Company will acquire all of the issued and outstanding common shares of Triani Canada Inc. (“Triani”, and together with 9296, the “Vendor”) from 9296 by way of business combination (the “Proposed Transaction”).

Key Points:

MONTREAL, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Prime Drink Group Corp. (CSE: PRME) (“Prime” or the “Company”) announces that it has entered into a binding letter of intent dated January 21, 2024 (the “Letter of Intent”) with 9296-0186 Québec Inc. (“9296”) whereby the Company will acquire all of the issued and outstanding common shares of Triani Canada Inc. (“Triani”, and together with 9296, the “Vendor”) from 9296 by way of business combination (the “Proposed Transaction”).
Founded in 2015, Triani experienced solid growth following the company’s successful foray into Québec grocery stores with its Cantini, Ettaro, and Enjoy wine brands.
Triani produces and markets Octane, Mojo, Baron, and Seagram malt-based alcoholic beverages, as well as non-alcoholic products under the Hickson brand.
There can be no assurance that the trading of Prime Shares will resume prior to the completion of the Proposed Transaction.

Stallion Uranium Signs LOI for Non-Core Uranium Projects in Eastern Athabasca Basin

Retrieved on:

Monday, January 22, 2024

STUD, Uranium, The Company, Property, Sale, LOI, Mineral, National Instrument 43-101, National instrument, Reinsurance

“The sale of Stallion’s eastern Athabasca Basin projects allow the Company to focus on our core projects in the Western Athabasca Basin while seeing these projects advanced,” commented Drew Zimmerman, CEO.

Key Points:

“The sale of Stallion’s eastern Athabasca Basin projects allow the Company to focus on our core projects in the Western Athabasca Basin while seeing these projects advanced,” commented Drew Zimmerman, CEO.
The LOI shall terminate if the parties have not entered into a definitive agreement within thirty (30) days of the execution of the LOI.
The projects are located in the Eastern Athabasca Basin with the Wollaston and Mudjatik Supergroups.
Uranium mineralization in the Eastern Athabasca Basin occurs in three deposit types: unconformity-hosted uranium which occur at the contact between the overlying Athabasca Basin and the crystalline basement rocks, basement-hosted uranium which occur within the basement rocks and sandstone-hosted uranium which occur perched in the Athabasca sandstone.

SciSparc Advances the Acquisition Process of a Leading Vehicle Importer Company in Israel with the provision of a Bridge Loan of $1.4 million

Retrieved on:

Friday, January 19, 2024

Agreement, Acquisition, TEL, LOI, Disorder, Central nervous system, Bridge loan, Good

With this Bridge Loan, SciSparc continues to proceed towards the Acquisition, pursuant to the LOI and the additional negotiated terms between the Company and the Target Company, announced on November 22 and December 7, 2023, respectively.

Key Points:

With this Bridge Loan, SciSparc continues to proceed towards the Acquisition, pursuant to the LOI and the additional negotiated terms between the Company and the Target Company, announced on November 22 and December 7, 2023, respectively.
As previously announced on December 7, 2023, the Company intends to acquire 100% of the Target Company and will establish a new wholly-owned Israeli subsidiary, which would in turn merge with and into the Target Company.
Following the Acquisition closing (the”Closing”), it is contemplated that shareholders of the Company will hold approximately 50.01% of the share capital of the resulting combined company.
The Bridge Loan amount, together with any accrued interest (the “Owed Amount”), may be repaid in part or in whole at the discretion of the Target Company prior to the repayment date.

Bravo Multinational, Inc. (BRVO) Announces the Signing of a Letter of Intent to Acquire Streaming TVEE Assets to Launch TVee NOW™

Retrieved on:

Friday, January 19, 2024

LOI, OTC, STV, BRVO, Nature

VIRGINIA BEACH, Va., Jan. 19, 2024 (GLOBE NEWSWIRE) -- On December 20, 2023, Bravo Multinational, Inc. (OTC: BRVO) ($BRVO) (“Bravo”) entered a Letter of Intent (the “LOI”) to acquire certain assets of Streaming TVEE, Inc. (“STV”).

Key Points:

VIRGINIA BEACH, Va., Jan. 19, 2024 (GLOBE NEWSWIRE) -- On December 20, 2023, Bravo Multinational, Inc. (OTC: BRVO) ($BRVO) (“Bravo”) entered a Letter of Intent (the “LOI”) to acquire certain assets of Streaming TVEE, Inc. (“STV”).
The purchase price for the assets is $9,760,000, consisting of a convertible promissory note in the amount of $7,760,000 and an assumption of $2,000,000 in STV debt.
The LOI is subject to normal terms of an agreement of that nature.
This transaction, if consummated, will serve as a business foundation for the Company’s planned development of a streaming service called TVee NOW™.

Sharps Technology Signs LOI with Roncadelle Operations Intended to Open Worldwide Sales and Distribution Opportunities for Safe Drug Delivery Systems

Retrieved on:

Thursday, January 18, 2024

World Health Organization, Roncadelle, Weight loss, Syringe, Documentation, Needle, Administration, Communication, LOI, Safety, FDA, CDMO, Marketing, Vaccine, Pharmaceutical industry

The LOI was inked on January 16 and will be celebrated at the upcoming Pharmapack 2024 event in Paris later in the month.

Key Points:

The LOI was inked on January 16 and will be celebrated at the upcoming Pharmapack 2024 event in Paris later in the month.
“This agreement would be very beneficial for both companies.”
Sharps Technology specializes in the development and manufacturing of innovative drug delivery systems.
This would open up a completely new level of service to the market,” states Ben Scheu, Senior Director of Sales for Sharps Technology.
Following the execution of a definitive sales and marketing cooperation agreement, Sharps and Roncadelle intend to collaborate on the development of new drug delivery products.

Banzai Executes LOI to Acquire Cliently, An AI-Driven Sales Engagement Platform

Retrieved on:

Thursday, January 18, 2024

Reach, LOI, Acquisition, Marketing, Sales

With the proposed acquisition of Cliently, Banzai would be acquiring an AI-powered sales engagement platform.

Key Points:

With the proposed acquisition of Cliently, Banzai would be acquiring an AI-powered sales engagement platform.
Cliently's platform automates multi-channel sales sequences, enabling a single marketing manager to execute lead generation campaigns at the scale of a full Sales Development team.
Cliently's unique AI-driven approach to sales engagement is a game-changer,” said Joe Davy, CEO and Founder of Banzai.
Seamless Product Integration: Cliently would seamlessly integrate into the Banzai platform and enrich Banzai customers’ engagement capabilities.

Viper Partners Wraps Up 2023 with Trio of Major Oral Surgery Transactions

Retrieved on:

Friday, January 19, 2024

Viperidae, LOI, Marketing, OMS, Oral and maxillofacial surgery, PALM, Uncertainty, Real estate

PALM BEACH, Fla., Jan. 19, 2024 /PRNewswire/ -- In a grand finale to an already record-breaking year, Viper Partners, the leading deal maker in the dental industry, successfully closed three major oral surgery deals in the final week of 2023.

Key Points:

PALM BEACH, Fla., Jan. 19, 2024 /PRNewswire/ -- In a grand finale to an already record-breaking year, Viper Partners, the leading deal maker in the dental industry, successfully closed three major oral surgery deals in the final week of 2023.
"Double-digit multiples were the name of the game for our sizable clients this year because their businesses are simply worth that," declared David C. Branch, Viper Partners' founder.
A multi-doctor, multi-location oral surgery deal is worth at least 10x against a robust EBITDA, and I'm determined to secure that for them."
Viper Partners brought several high-profile deals to the market in 2023, including Roanoke Oral Surgery, The Christiana Center for OMS, and Santa Barbara Center for Oral and Maxillofacial Surgery.