M&A
confidence medium
sentiment neutral
materiality 0.20
TipMeFast signs non-binding LOI to acquire Lucent for 8M shares
Lucent, Inc.
- Non-binding LOI to acquire 100% of Lucent, Inc. in exchange for 8,000,000 common shares of TipMeFast.
- Transaction contingent on TipMeFast shares becoming DTC eligible and at least two trades at $0.01 per share.
- Parties will negotiate a definitive agreement; LOI does not constitute a binding contract.
- Announcement of deal delayed until four days after signing definitive agreement, per mutual consent.
- Lucent focuses on sustainable energy solutions, reducing greenhouse gas emissions.