M&A
confidence high
sentiment neutral
materiality 0.50
Everything Blockchain acquires 832 Energy Technology Consultants for $1.575M in stock
Everything Blockchain, Inc.
- Acquired 100% of 832 Energy Technology Consultants, LLC for 300,000 shares of common stock valued at $1,575,000 based on $5.25/share avg. closing price.
- Founder Cedric Harris appointed as Chief Research Officer under a consulting agreement effective June 21, 2021.
- Harris receives $10,000 annual base salary plus performance bonuses: up to 700,000 shares for patent awards (25,000 shares per patent) and 5% of gross sales from introduced clients.
- Consulting agreement has an initial two-year term, terminate by either party with 15-day notice after the initial period.