m_and_a
confidence high
sentiment positive
materiality 0.80
Panamera Holdings enters binding LOI with Rain Cage Carbon to license technology and issue $4.9M note
Panamera Holdings Corp
- Signed binding LOI with Rain Cage Carbon on June 20, 2025 for licensing of Eden system and Knights Charge power system in U.S. and Mexico.
- License fee includes $4,900,000 promissory note (18-month maturity), 25% of net income, and 27,000,000 restricted common shares.
- Rights granted for deployment and commercialization in the United States and Mexico.
- Mutual intent to merge the two companies; 90-day exclusivity period to finalize definitive agreements.
- Initial payment intention of $500,000 by June 30, 2025, with quarterly payments of $650,000 starting October 1, 2025.
item 1.01