other material
confidence high
sentiment neutral
materiality 0.40
Public Company Management Corp signs LOI to acquire Dacta SG; raises $100k via SAFE
PUBLIC CO MANAGEMENT CORP
- Non-binding LOI with DACTA SG Pte. Ltd. for a business combination that would result in a change of control.
- Dacta provides cybersecurity, digital transformation, and AI solutions; deal subject to due diligence and definitive agreement.
- Issued SAFE to investor Chad Crowley for $100k, valuing 4% of company; converts upon future equity financing ≥$5M.
- Finder will receive a 5-year warrant for 10% of the equity issued to the investor.
- No definitive agreement yet; LOI is a preliminary outline of principal terms.