other material
confidence high
sentiment neutral
materiality 0.70
Freedom Holdings signs binding term sheet for reverse merger with TAG; TAG to hold 90% stake
Awareness Group, Inc.
- Pablo Diaz to become CEO of FHLD; TAG will appoint board and control operations.
- Merger expected to close on or before September 15, 2024.
- Pre-merger FHLD shareholders receive 10% non-dilutable stake until national exchange uplisting.
- TAG terminated prior LOI for Frank AI AB acquisition on Sept 7, 2024 as not advantageous.
- TAG projects at least $40M revenue in 2025 via organic growth from its TAG GRID ecosystem.