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Posted On: 08/28/2020 6:24:03 AM
Post# of 7060
$ATWT big news out this week! MEMPHIS, Tenn., Aug. 25, 2020 /PRNewswire/ -- ATWEC Technologies, Inc. (OTCMKTS: 'ATWT'), a US-based technology company specializing in child safety, today announced it has signed a binding Letter of Intent ("LOI"
to acquire SafeBus Technologies, Inc., a private US technology company specializing in mobile "in-vehicle" IP wireless security solutions for the Education market.
ATWT signed the LOI on Monday, and the merger is scheduled to go effective in early September, pending final shareholder approvals. SafeBus will become a wholly-owned subsidiary of ATWT, and its shareholders will receive cash and stock in the deal. Specific terms of the transaction were not disclosed, but will be released with the final Agreement and Plan of Merger in September.
to acquire SafeBus Technologies, Inc., a private US technology company specializing in mobile "in-vehicle" IP wireless security solutions for the Education market. ATWT signed the LOI on Monday, and the merger is scheduled to go effective in early September, pending final shareholder approvals. SafeBus will become a wholly-owned subsidiary of ATWT, and its shareholders will receive cash and stock in the deal. Specific terms of the transaction were not disclosed, but will be released with the final Agreement and Plan of Merger in September.
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