Thursday, July 08, 2021 3:09:08 PM
Corporate Event Management, LTD, the parent of Assure Global, LLC, together with its shareholders entered into an Agreement and Plan of Merger with Optec International, Inc. and Holdings International, Inc. (a wholly owned subsidiary of Optec). As a result of the structure of the transaction, Corporate Event Management, LTD and its subsidiary Assure Global, LLC were merged into Holdings International Inc. with Holdings being the surviving entity. The merger consideration was in the form of $3,500,000 of cash, a secured promissory note for $1,500,000, a secured promissory note for $25,000,000, and 4,000 preferred shares of stock in Optec. In addition, there are conditions that if the stock price of the shares drops below $0.10 per share additional Optec shares will be issued.
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