DLT Resolution Inc. (DLTI): M&A transaction — DLT Resolution acquires 19.9% of Ciscom Corp; signs term sheet to buy Global Motor Trade Group

DLT Resolution Inc.

Acquired 19.9% of Ciscom Corp (CSE:CISC)(OTCQB:CISCF) for 10.26M restricted shares; Ciscom reported CAD $35M revenue, $950k EBITDA (unaudited) for FY2023.
Signed term sheet to acquire 100% of Global Motor Trade Group (4 entities) in all-stock deal (~14M DLTI restricted shares).
Global Motor Trade Group combined annual gross revenue $50.9M USD; expected close before end of Q1 2024.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.7

DLT Resolution Inc. completed an acquisition involving Ciscom Corp. for 10,261,214 restricted common shares (closed 2024-02-14).

Action: acquisition
Counterparty: Ciscom Corp.
Consideration: 10,261,214 restricted common shares
Closing: 2024-02-14

Exact text from the filing

Ciscom Corp. is publicly traded and listed on the Canadian Securities Exchange as well as the US OTCQB Market. symbols (CSE:CISC)(OTCQB:CISCF) respectively. The Company issued 10,261,214 restricted common shares in the acquisition.

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DLT Resolution Inc. filing history →

Source: SEC EDGAR

accession 0001477932-24-000956

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