Thursday, July 22, 2021 9:20:44 AM
https://backend.otcmarkets.com/otcapi/company/financial-report/291112/content
According to section 4(d), the deal closes in 15 business days from LOI date (7/5/22)- that's tomorrow or Monday. PRing it today means this process is complete and is about to be approved. Relevant terms:
Non-dilutable acquisition, and the purchase preferreds cannot be converted for more than a year. The loan still accrues interest, payable in cash or additional equity to $SITS.
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