DLT Resolution Inc. (DLTI): M&A transaction — DLT Resolution acquires additional 22.15% of Ciscom Corp, now holds 42.05%

DLT Resolution Inc.

Acquired 22.15% of Ciscom Corp in exchange for 11,421,401 restricted common shares.
Becomes largest shareholder with 42.05% ownership of Ciscom Corp.
Ciscom expects unaudited gross revenues of CAD $35M and EBITDA of $950k for period ended Dec 31, 2023.
Ciscom operates two ICT entities, publicly traded on CSE (CISC) and OTCQB (CISCF).

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.95

DLT Resolution Inc. completed an acquisition involving Ciscom Corp. for 11,421,401 restricted common shares (closed 2024-03-02).

Action: acquisition
Counterparty: Ciscom Corp.
Consideration: 11,421,401 restricted common shares
Closing: 2024-03-02

Exact text from the filing

On March 2, 2024 DLT Resolution Inc. (or “The Company”) acquired an additional 22.15% of the issued capital of Ontario Canada’s Ciscom Corp. becoming the largest shareholder with 42.05% of Ciscom Corp. The Company issued 11,421,401 restricted common shares in the acquisition.

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DLT Resolution Inc. filing history →

Source: SEC EDGAR

accession 0001477932-24-001054

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