M&A
confidence high
sentiment neutral
materiality 0.80
Global Technologies enters LOI to acquire GOe3 in reverse merger; shareholders get 30%
GLOBAL TECHNOLOGIES LTD
- Non-binding LOI to acquire GOe3, LLC, an EV charging station company; expected close Q1 2024.
- Share-for-share exchange: GTLL shareholders retain 30%, GOe3 members get 70% of combined entity.
- Bruce Brimacombe to become President and join Board of Directors at closing.
- Company plans to uplist to a national exchange or NASDAQ following deal close.
- GOe3 holds multiple patents pending for universal 50+ kW EV charging stations.