M&A
confidence medium
sentiment neutral
materiality 0.60
Global Technologies enters LOI to acquire GOe3 in reverse merger; GOe3 holders to own 70%
GLOBAL TECHNOLOGIES LTD
- GOe3 shareholders would receive 70% of combined company; Global Tech shareholders retain 30%.
- Bruce Brimacombe to become President and join Board of Directors at closing.
- GOe3 builds universal EV charging stations with multiple patents pending.
- Proposed transaction subject to due diligence, definitive agreement, audit, and approvals; expected close Q1 2024.
- No assurance transaction will be completed; LOI non-binding until definitive agreement.