Friday, March 20, 2020 11:25:56 AM
"On November 14, 2019, the Company and WaveTech closed the transaction contemplated by the Purchase Agreement (the “Transaction”). The closing of the Transaction involved the merger of WaveTech into the Company through a sale and exchange of shares and cash. Pursuant to the Purchase Agreement, in exchange for shares of Series C Preferred Stock of the Company, at this closing the Company acquired sixty percent (60%) of the issued and outstanding shares of WaveTech. The Company also received $1.325 million in cash. The Purchase Agreement also contains certain termination rights for both the Company and WaveTech in the event the Company has not acquired ninety percent (90%) of the issued and outstanding shares of WaveTech by March 31, 2020. "
According to Wavetech Global (now PAC Global, Inc), who owns 25% of Wavetech GMBH stock they weren't going to approve it.
But who know what goes on behind the curtain.
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