Titan Environmental extends closing date for Standard Waste Services acquisition pending audited financials

On February 21, 2024, the Buyer and Sellers entered into an Amendment to Membership Interest Purchase Agreement (the “Amendment”). Pursuant to the Amendment, the Buyer and the Sellers agreed to extend the date by which Closing must occur until as soon as practical within reasonable commercial norms upon delivery of the required necessary audited financial statements of the Target for Securities and Exchange Commission filing purposes

on January 12, 2024, Titan Environmental Solutions Inc. (the “Company”), through its wholly-owned subsidiary, Titan Trucking, LLC, a Michigan limited liability company (the “Buyer”), entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”) with Dominic Campo and Sharon Campo (each a “Seller” and collectively, the “Sellers”), and Standard Waste Services, LLC, a Michigan limited liability company (the “Target”), pursuant to which, and subject to the terms, provisions, and conditions set forth therein, at the closing of the transactions contemplated by the Purchase Agreement (the “Closing”), the Sellers will sell, transfer, convey, and assign to the Buyer, and the Buyer will purchase, receive, and assume from the Sellers, 100% of the outstanding membership interests of the Target