Panamera Holdings signs binding LOI to acquire Arsham Aluminum Alloys in stock deal

Panamera Holdings Corp

Acquisition of 100% of Arsham Holdings for 9,224,435 shares of Panamera common stock, valued at ~$9.22M.
Arsham generated $7.3M revenue in 2021; deal makes Panamera a leading secondary aluminum smelter in SW US.
Transaction close expected April 2022; LOI includes warrant for 3M shares at $1.00/share (6-month term).
Bill Van Pelt IV of Arsham joins Panamera as Chief Development Officer.
Management projects a 100% increase in revenue and assets in the first full year of operation.

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