Summit Networks and St. Mega Enterprises rescind acquisition; previous transaction reversed.

Summit Networks Inc.

On October 11, 2024, parties agreed to terminate the Stock Purchase Agreement for St. Mega Enterprises.
Termination rescinds the May 11, 2024 consummation; all prior actions in support of the deal are reversed.
The parties entered into a Reverse Merger Agreement to effect the rescission and termination.

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