The CEO added, "We are also very pleased to announce that we recently finished our due diligence period for the LOI to acquire a local scrap metal and construction waste company. As expected, we are very satisfied with our findings and encouraged by the synergies that can be unlocked by combining our strengths with the acquisition targets warehousing and Logistics capabilities. We are diligently finalizing the closing documents and the terms of the purchase, and we are structuring a deal that is shareholder friendly, creating value, with very little dilution."
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