HeadsUp Entertainment International Inc (HDUP)

[solong]

$HDUP - PRNEWSWIRE: CALGARY, AB, March 15, 2023 /PRNewswire/ - HeadsUp Entertainment International Inc. (OTCPINK: HDUP) is pleased to announce that it has identified, and been identified by, an acquiring Company for the completion of the previously announced Reverse Triangle Merger and move to a high tier exchange.
The Company has been in a mandated quiet period under a series of NDA's to complete a number of corporate finance agreements to consolidate its assets along with a number of previously announced and upcoming new transactions.
HeadsUp's management is now tasked with completing 2 years of audited financial statements having recently gone through its January 31st year end and in addition will be preparing a Registration Statement to meet exchange requirements for the completion of the proposed transactions. This process will also provide the information required by the Alberta Securities Commission to request the removal of the Cease Trade Order in Canada with the submission of these items.
Through the process of completing the audits and Registration Statement, the Company will begin to outline details of multiple transactions including acquisitions, new strategic partnerships and new global product launches that until recently had been under strict non-disclosure commitments.
Management cannot yet publicly disclose the name of the targeted consolidation vehicle but will make all material disclosures required as it navigates through the corporate finance process, and as required by the various exchanges, through its filings.
New additions to the management team are also forthcoming which will clarify the scope of the enhanced business model in its multi pillared monetization plan for the gaming, lottery and media sectors.