NetworkNewsBreaks – Spectrum Global Solutions In
Post# of 848
Leading telecommunications engineering and infrastructure services provider Spectrum Global Solutions (OTCQB: SGSI) recently entered into a definitive agreement of merger with WaveTech Global Inc. (http://nnw.fm/7jtlJ). Representatives from both companies believe that the merger will provide unique growth prospects and great value for shareholders. An article discussing the company reads, “The merger will be completed through a sale and exchange of shares and cash. Upon finalization of the transaction, WaveTech will become the majority-controlling shareholder of Spectrum Global Solutions. . . . According to the official announcement, Spectrum will rebrand itself under the WaveTech Global name. The company’s current leadership team will remain operational in the interim. Spectrum’s board is anticipated to expand and include three new members from WaveTech. Spectrum intends to file for a name change to WaveTech Global. It will also submit an application for uplisting to a Nasdaq exchange under the ticker ‘WAVE’.”
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