Thursday, May 09, 2024 9:17:25 AM
VAYK has not entered into any binding or non-binding agreements with the target business. The management of VAYK, however, are optimistic that the two parties will enter into a non-binding LOI in the next few days.
Management said that it was premature to disclose more details, but believed that it would be a non-cash acquisition deal, which means that VAYK will issue shares to acquire the target business. Management also asserted their belief that any shares issued to acquire the target business should NOT be priced at lower than $0.01 per share, when converted to common shares.
This acquisition will be part of VAYK's new strategy to focus on domestic short-term rental (Airbnb) market. Home service business and Airbnb operation, according to VAYK's management, are synergistic and will likely help each other to grow.
Recent VAYK News
- VAYK Added New Manager for Expansion into $64 Billion Domestic Short-term Rental Market • InvestorsHub NewsWire • 05/14/2024 01:00:00 PM
- Firm Holds Strategic Conversation on Possible Acquisition in Short-Term Rental Market • AllPennyStocks.com • 05/09/2024 05:50:00 PM
- VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • InvestorsHub NewsWire • 05/09/2024 01:00:00 PM
- VAYK Confirmed Its Eligibility for $1.8 Million Investment through Federal EB5 Program • InvestorsHub NewsWire • 04/11/2024 01:00:00 PM
- VAYK Reported Over $2 Million Net Income for Fiscal Year 2023 • InvestorsHub NewsWire • 04/02/2024 01:00:00 PM
- VAYK Hails $157 Million Federal Grant to Project Almost "Next Door" • InvestorsHub NewsWire • 03/21/2024 01:00:00 PM
- VAYK Reaffirm Cryptocurrency Strategy to Disrupt $64 Billion Short-Term Rental Market • InvestorsHub NewsWire • 02/29/2024 02:00:00 PM
- VAYK Announces Structured Acquisition of $5 Million Registered Landmark Property with 24 Month Plan to Acquire $20 Million in Short-Term Rental Properties • InvestorsHub NewsWire • 02/15/2024 02:00:00 PM
- VAYK Announces Net Equity Increase Over $2.5 Million • InvestorsHub NewsWire • 02/06/2024 02:00:00 PM
- Shift to Short-Term Rental Market Sends Shares of this Firm Soaring • AllPennyStocks.com • 02/01/2024 03:50:00 PM
- VAYK Updates Business Strategy to Concentrate On $64 Billion Domestic Short-Term Rental Market • InvestorsHub NewsWire • 02/01/2024 02:00:00 PM
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