- RevoluGROUP Canada (REVO) has signed a binding Memorandum of Understanding (MOU) regarding a potential share equity acquisition
- An approved amendment to the MOU includes a financial penalty clause should the acquirers fail to conclude the transaction
- The MOU was approved and signed by all parties on January 5th, 2023
- CEO Steve Marshall sat down with Daniella Atkinson to discuss the news
- RevoluGROUP Canada deploys advanced technologies in banking, mobile apps, money remittance, cross-border forex payments and blockchain systems
- RevoluGROUP (REVO) opened trading at C$0.29
RevoluGROUP Canada (REVO) has signed a binding Memorandum of Understanding (MOU).
The MOU is in regard to a potential share equity acquisition by a European Financially Regulated entity allied to a UAE Based Financial Consultancy firm.
On December 13, RevoluGROUP submitted several agreement amendments to the potential acquirers. Management received formal approval and acceptance of the amendments on January 4th, 2023. The company then remitted a binding MOU to the parties, including a financial penalty clause should the acquirers fail to conclude the transaction.
The MOU was approved and signed by all parties on January 5th, 2023.
The MOU outlines a roadmap and chronology toward the successful and prompt conclusion of the terms of the equity investment.
While the proposed transaction negotiations now include a binding obligation between the parties, there can be no assurance that any definitive agreement, tender, or investment will be completed.
CEO Steve Marshall sat down with Daniella Atkinson to discuss the news.
RevoluGROUP Canada deploys advanced technologies in banking, mobile apps, money remittance, cross-border forex payments and blockchain systems, among others.
RevoluGROUP (REVO) opened trading at C$0.29.