LOI

Reliance Global Group Announces Letter of Intent for Most Significant Acquisition to Date

Retrieved on: 
Tuesday, November 21, 2023

LAKEWOOD, N.J., Nov. 21, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”), today announced it has entered into a Letter of Intent (LOI) to acquire a well established benefits enrollment company (the “Target”).  The Target is a leading provider of voluntary benefits to approximately 45,000 employees throughout the United States and utilizes cutting-edge technology, setting them apart in the industry. The acquisition is subject to the execution of a definitive agreement and other customary closing conditions.  The transaction is expected to close in the first quarter of 2024.

Key Points: 
  • LAKEWOOD, N.J., Nov. 21, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”), today announced it has entered into a Letter of Intent (LOI) to acquire a well established benefits enrollment company (the “Target”).
  • The Target is a leading provider of voluntary benefits to approximately 45,000 employees throughout the United States and utilizes cutting-edge technology, setting them apart in the industry.
  • The acquisition is subject to the execution of a definitive agreement and other customary closing conditions.
  • Ezra Beyman, CEO of Reliance, commented, "We are excited to announce our most significant planned acquisition to date, which would more than double our current revenue and provide attractive EBITDA returns.

Safe and Green Development Corporation Unveils Letter of Intent for Integration of Real Estate AI Software

Retrieved on: 
Tuesday, November 21, 2023

MIAMI, Fla. , Nov. 21, 2023 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”), a leading real estate development company, has recently signed a non-binding Letter of Intent (LOI) with Majestic World Holdings (“MWH”) a real estate technology firm relating to a proposed strategic partnership between SG Devco and MWH, wherein SG Devco will invest in MWH in exchange for access to MWH’s software platform Xene.

Key Points: 
  • MIAMI, Fla. , Nov. 21, 2023 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”), a leading real estate development company, has recently signed a non-binding Letter of Intent (LOI) with Majestic World Holdings (“MWH”) a real estate technology firm relating to a proposed strategic partnership between SG Devco and MWH, wherein SG Devco will invest in MWH in exchange for access to MWH’s software platform Xene.
  • The main objective in seeking to forge this strategic partnership is to create shared value by capitalizing on the unique strengths and capabilities of each party.
  • We believe that once established, the seal of this strategic alliance will signify a crucial turning point for both organizations.
  • This development expects to significantly save time and resources for all parties involved.

Enercamp Unveils Innovative Mobile Electric Vehicle Charging System at K-Tech Partnership Day 2023

Retrieved on: 
Tuesday, December 19, 2023

Enercamp, Inc. made a significant impact at K-Tech Partnership Day 2023, held on December 4, 2023, at Kotra Silicon Valley, by introducing an upgraded mobile electric vehicle (EV) charging system.

Key Points: 
  • Enercamp, Inc. made a significant impact at K-Tech Partnership Day 2023, held on December 4, 2023, at Kotra Silicon Valley, by introducing an upgraded mobile electric vehicle (EV) charging system.
  • View the full release here: https://www.businesswire.com/news/home/20231219922258/en/
    Enercamp's innovative mobile charging system to be showcased at CES 2024 and Letter of Intent (LOI) signing ceremony with Lafayette Electronics, Inc. held at Kotra Silicon Valley (Graphic: Business Wire)
    This latest system by Enercamp combines the advantages of fixed and mobile charging systems.
  • It includes fixed stations for routine charging and introduces mobility through a cart designed for charging on the go.
  • Steve Cavayero, President of Lafayette Electronics, Inc., mentioned, "Our initial focus will be distributing charging units on the rental car industry.

Graphex Group Provides Important Updates on its Global Mine-to-Battery Solution, Including the Separation of its US Subsidiary Graphex Technologies LLC into a Standalone U.S. company, and Financing for a 200% Production Increase over Current Levels

Retrieved on: 
Tuesday, December 19, 2023

With over a decade of commercial scale production experience and proven proprietary technology and methods, the expansion in both the U.S. and China is expected to be seamless.

Key Points: 
  • With over a decade of commercial scale production experience and proven proprietary technology and methods, the expansion in both the U.S. and China is expected to be seamless.
  • As of December 18, 2023, the global market capitalization of Graphex Group was approximately US$42.622 million.
  • Our current maximum annual production capacity is 10,000 tonnes per annum (tpa) of anode material, all processed in China.
  • The LOI contemplates a pre-money enterprise valuation of Graphex Technologies, Graphex Group’s US operating arm, net of liabilities, between US$100 million to US$200 million
    Upon the completion of the intended transaction with the SPAC, the anticipated consideration of US$100 million to US$200 million in consideration shares for the separation of Graphex Tech will be distributed to all Graphex Group shareholders.

BioVaxys Executes Letter of Intent for Major Immunotherapeutics Technology Acquisition

Retrieved on: 
Friday, December 22, 2023

Under the terms of LOI, BioVaxys has been granted exclusivity while the parties work in good faith on the drafting of a definitive agreement.

Key Points: 
  • Under the terms of LOI, BioVaxys has been granted exclusivity while the parties work in good faith on the drafting of a definitive agreement.
  • Investors are advised to use caution in trading the Company's shares while discussions on the definitive agreement are underway.
  • There is no certainty and there can be no assurance that the parties will reach agreement on the definitive acquisition agreement or will complete any transaction.
  • We advise shareholders to await further developments.

BioVaxys Executes Letter of Intent for Major Immunotherapeutics Technology Acquisition

Retrieved on: 
Friday, December 22, 2023

Under the terms of LOI, BioVaxys has been granted exclusivity while the parties work in good faith on the drafting of a definitive agreement.

Key Points: 
  • Under the terms of LOI, BioVaxys has been granted exclusivity while the parties work in good faith on the drafting of a definitive agreement.
  • Investors are advised to use caution in trading the Company's shares while discussions on the definitive agreement are underway.
  • There is no certainty and there can be no assurance that the parties will reach agreement on the definitive acquisition agreement or will complete any transaction.
  • We advise shareholders to await further developments.

Heart Aerospace and US charter carrier JSX sign LOI for up to 100 ES-30 airplanes

Retrieved on: 
Tuesday, December 19, 2023

JSX, which was launched in 2016, is now the biggest public charter carrier in the US, operating point-to-point flights to 24 destinations.

Key Points: 
  • JSX, which was launched in 2016, is now the biggest public charter carrier in the US, operating point-to-point flights to 24 destinations.
  • "We're really excited to be part of JSX commitment toward sustainable regional air travel," said Simon Newitt, President and Chief Commercial Officer at Heart Aerospace.
  • Heart Aerospace now has a total of 250 firm orders for the ES-30, with options and purchase rights for an additional 120 planes.
  • Including the LOI from JSX, the company also has letters of intent for a further 191 airplanes.

Heart Aerospace and US charter carrier JSX sign LOI for up to 100 ES-30 airplanes

Retrieved on: 
Tuesday, December 19, 2023

JSX, which was launched in 2016, is now the biggest public charter carrier in the US, operating point-to-point flights to 24 destinations.

Key Points: 
  • JSX, which was launched in 2016, is now the biggest public charter carrier in the US, operating point-to-point flights to 24 destinations.
  • "We're really excited to be part of JSX commitment toward sustainable regional air travel," said Simon Newitt, President and Chief Commercial Officer at Heart Aerospace.
  • Heart Aerospace now has a total of 250 firm orders for the ES-30, with options and purchase rights for an additional 120 planes.
  • Including the LOI from JSX, the company also has letters of intent for a further 191 airplanes.

World’s First Observational Trial to Assess Real-World Efficacy of MDMA Treatment

Retrieved on: 
Thursday, November 9, 2023

The University of Calgary, under the direction of Dr. Leah Mayo, Parker Research Chair in Psychedelics, will assess data pertaining to efficacy of MDMA in the treatment of PTSD under real-world circumstances.

Key Points: 
  • The University of Calgary, under the direction of Dr. Leah Mayo, Parker Research Chair in Psychedelics, will assess data pertaining to efficacy of MDMA in the treatment of PTSD under real-world circumstances.
  • This trial will generate Real World Evidence (“RWE”) on the efficacy of MDMA in the treatment of Post-Traumatic Stress Disorder which may be submitted to Health regulators, including Health Canada and Veterans Affairs Canada.
  • As the trial is Observational in nature, no patients will be dosed as part of the trial’s protocol.
  • The goal of the trial is to gather data on the efficacy of treatment for patients who are already qualified for treatment under the Special Access Program.

Sintavia Signs Letter of Intent to Acquire Extended-Z M 8K from AMCM

Retrieved on: 
Tuesday, November 7, 2023

At 820mm x 820mm x 1600mm with eight nLIGHT AFX-1000 lasers, the M 8K purchased by Sintavia represents an enormous leap in productivity and design freedom compared with smaller printers.

Key Points: 
  • At 820mm x 820mm x 1600mm with eight nLIGHT AFX-1000 lasers, the M 8K purchased by Sintavia represents an enormous leap in productivity and design freedom compared with smaller printers.
  • Delivery of the first North American M 8K to Sintavia is expected to occur in early 2025.
  • “It is a natural fit that the first M 8K in North America—and the first one anywhere with an extended Z-axis—would go to Sintavia.
  • AMCM officially launched the M 8K in September 2023 with ArianeGroup as the European launch customer.