M&A
confidence high
sentiment neutral
materiality 0.60
HST Global acquires Qwyit LLC for 10M shares plus options for up to 10M more
HST Global, Inc.
- Acquired Qwyit LLC, holder of QFone secured video app and OpenVPN with Qwyit encryption IP.
- Purchase price: 10,000,000 restricted shares issued plus options for up to 5,000,000 shares for sellers.
- Sellers granted additional option for 5,000,000 shares for 400 consulting hours over 18 months.
- Options exercisable at greater of $0.73 or closing price on March 13, 2025.
- Transaction closed March 13, 2025; shares issued under Item 3.02 exemption.