Independence Power Holdings, Inc. (ITXP): M&A transaction — Triunity Business Services changes control as Energizer Systems acquires 63.8% stake for $575,000

Independence Power Holdings, Inc.

Energizer Systems purchased 3.8 million shares (63.8%) from former CEO Jervey Choon for $575,000 on November 26, 2025.
Company plans to amend articles to authorize 400 million shares and effect a 7-for-1 forward stock split.
Subject to audited financials, Triunity will acquire Independence Power from Energizer Systems, giving Energizer ~96% equity post-merger.
Jervey Choon resigned as CEO, President, Secretary, Treasurer and Director; Todd Parkin appointed CEO, Scott Stephenson Chairman, CFO, Treasurer and Director.
Warrants for 19% fully diluted equity at $28 million exercise price are conditional on the merger with Independence Power.

item 1.01 item 5.01 item 3.02 item 5.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Independence Power Holdings, Inc. underwent a change of control involving Energizer Systems, LLC for $575,000 (closed 2025-11-26).

Action: change of control
Counterparty: Energizer Systems, LLC
Consideration: $575,000
Closing: 2025-11-26

Exact text from the filing

Emergent Parties have the right, but not the obligation, to purchase the Control Block from the Independence Parties for an amount equal to the original SPA purchase price of $575,000. The Emergent Parties may exercise the repurchase right at any time following either written notice from the Independence Parties that the Merger will not be consummated or the

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Independence Power Holdings, Inc. entered into Warrant Letter Agreement with Energizer Systems, LLC, Independence Power, Inc., Homeland Digital, LLC, Emergent Ventures, LLC valued at binding letter agreement setting forth principal terms of recapitalization and reorganization in con (effective 2025-11-26).

Action: entry
Counterparty: Energizer Systems, LLC, Independence Power, Inc., Homeland Digital, LLC, Emergent Ventures, LLC
Value: binding letter agreement setting forth principal terms of recapitalization and reorganization in con
Effective: 2025-11-26

Exact text from the filing

On November 26, 2025, TriUnity Business Services Limited (the “Company”) entered into a binding letter agreement (the “Warrant Letter Agreement”) with Energizer Systems, LLC (“Energizer Systems”), Independence Power, Inc. (“Independence Power” and, together with Energizer, the “Independence Parties”), Homeland Digital, LLC (“Homeland”) and Emergent Ventures, LLC (together with Homeland, the “Emergent Parties”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Independence Power Holdings, Inc. entered into Recapitalization Letter Agreement with Energizer Systems, LLC valued at binding letter agreement setting forth principal terms of a recapitalization and reorganization invo (effective 2025-11-26).

Action: entry
Counterparty: Energizer Systems, LLC
Value: binding letter agreement setting forth principal terms of a recapitalization and reorganization invo
Effective: 2025-11-26

Exact text from the filing

Additionally, on November 26, 2025, the Company entered into a binding letter agreement (the “Recapitalization Letter Agreement” and, together with the “Warrant Letter Agreement,” the “Letter Agreements”) with Energizer Systems.

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Independence Power Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001477932-25-008763

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