M&A
confidence high
sentiment neutral
materiality 0.30
HIMALAYA TECHNOLOGIES, INC: M&A transaction — Himalaya Technologies acquires 210M shares of Peer to Peer Network (PTOP) for $42K in preferred stock
HIMALAYA TECHNOLOGIES, INC
- Completed acquisition of 210,000,000 shares of Peer to Peer Network (PTOP) from FOMO WORLDWIDE, Inc.
- Issued 1,680,000 Series A Preferred shares at $0.025/share ($42,000 aggregate) as consideration.
- The transaction brings $42,000 of marketable securities onto Himalaya's balance sheet.
- PTOP shares received are free-trading with no restrictive legend.