Treasure & Shipwreck Recovery (OTCPK: BLIS) announces Definitive Agreement for Merger and Acquisition with Defense and Construction Contracting Firm Native American Pride Constructors, LLC. (NAPC)
Retrieved on:
星期三, 三月 27, 2024
Construction, Artillery, TSR, NAPC, Treasure, Law enforcement, Acquisition, Native, BLIS, Kingdom, LOI, Corner Shot, SWAT, See, Private law, Calendar, Defense, Government
The conversion price was agreed at $0.03 per share pre-reverse split and adjusted for reverse division to $0.18 per share.
Key Points:
- The conversion price was agreed at $0.03 per share pre-reverse split and adjusted for reverse division to $0.18 per share.
- Another merger requirement was that NAPC would accept little or no debt from BLIS.
- It is expected that asset sales from BLIS will be enough to pay merger and accounting costs.
- In return, NAPC has agreed to favorable terms with BLIS shareholders providing about a third of the company stays with current BLIS shareholders.