Sysorex Inc (SYSX)

[doogdilinger]

It's crazy how they just keep making extension filings without actually closing Ostendo or terminating the deal altogether.

No clue how the CEO continues to not bother providing any clarity whatsoever:

On June 30, 2022, the Company executed an Amendment No. 2 to Heads of Terms (“Amendment 2”) with Ostendo and the Company’s wholly owned subsidiary TTM Digital Assets & Technologies, Inc. (“Seller”, and together with the Company, the “Seller Parties”). Pursuant to the Amendment 2, the parties agreed to amend certain terms contained in the Heads of Terms and Amendment 1, including:



1) The closing of the transaction is to occur no later than July 31, 2022, unless mutually extended in writing by the parties.


2) The term “Expiration Date” in the section of the Heads of Term entitled “Exclusivity” is hereby amended to be the earlier of July 31, 2022 or the date on which Ostendo notifies the Company in writing that it is terminating negotiations regarding the transactions (and Ostendo agrees to give such notification promptly upon making a determination to terminate negotiations).