In connection with the acquisition, BERI has a firm written commitment with EF Hutton, a division of Benchmark Investments, LLC, to act as lead underwriter, deal manager and investment banker for an anticipated public offering of the Company’s equity, debt and/or equity derivative instruments. In addition, BERI engaged Carmel, Milazzo & Feil, LLP to advise and represent BERI in an anticipated Form S-1 registration statement filing and potential listing on a national securities exchange.
The acquisition was approved unanimously by BERI’s Board of Directors.
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