other material
confidence high
sentiment negative
materiality 0.80
Inno Holdings sells two subsidiaries for $1,000 cash to Architectix Limited
INNO HOLDINGS INC.
- Inno Holdings agreed to sell Inno Metal Studs Corp and Inno AI Tech Corp to Architectix Limited for $1,000 in cash.
- Closing expected before March 7, 2025; if not closed by March 31, 2025, either party may terminate.
- Seller waives all intercompany payables from the subsidiaries; buyer assumes all post-closing liabilities.
- The sale covers all issued shares of both subsidiaries, transferring full ownership to the buyer.