RGST NEWS viaNewMediaWire - Rogue Station Companies, Inc. (OTCMkts: RGST) is pleased to announce that it has entered into a comprehensive purchase/sale/exchange agreement with Everdime Technologies, Inc. The agreement, signed by the parties on November 8, 2021, essentially tracks the terms of the Letter of Intent announced in October: Everdime's shareholders and finance partners will purchase or be issued shares equivalent to 80% control of RGST in exchange for 100% of Everdime's shares. As part of the agreement, Everdime and RGST will settle all of the Company's outstanding debt by a combination of stock and Everdime tokens, which it expects to create and post on the Ethereum blockchain in the next 180-days. The parties expect to close this agreement, making the called-for issuances and transfers, on or before December 15, 2021.
Sandor Miklos, CEO of Everdime, stated, "John Conroy and his team have done a great job putting together a clean, well-structured mini-SPAC; it fits our 'going public' needs perfectly. We're saving months and satisfying all our biggest funding partners' requirements. For us, this is "go time" and we're excited about launching our Everdime token and related affinity-based and social media influencer "custom coins" and NFTs. We've had incredible response to our initial proof of concept presentations; we can now devote our attention to meeting our expected customer needs. Everdime expects to bring social influencers, organizations and sports teams to its great platform, allowing them to monetize their success and us to participate in multiple income streams."
John Conroy, CEO for Rogue Station Companies, Inc. added, "Sandor's side really knows their market space; our business combination allows them to meet their funding partners' late-round financing requirements, put a final polish on their development work, and start marketing their custom coins for the "cool and controversial." We're so committed that we took part of our debt pay-out in Everdime tokens; we are definitely believers."
