$ZVTK ’s Blankki acquisition is targeting a $36
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all proprietary software, firmware and hardware together with any works in progress, updates, upgrades and improvements
all assets, rights, tangible and intangible property used in or relating to the Purchased Business, including specifically but without limitation, all patents, patent applications, patents pending, and any rights related thereto
all licenses, computer equipment, software, data, email addresses and accounts used in the Purchased Business such books and records as are necessary to conduct the business of the Purchased Business exactly as it is now being conducted
all internet protocol addresses, trade names, trademarks and service marks, mark registrations and applications, domain name registrations, web sites and related content, images and designs, copyrights, material that is subject to non-copyright protections, trade secrets, proprietary information, know how, technology, technical data, customer lists, client information and related client or user data, intellectual property rights acquired by license or agreement, telephone numbers, and all related goodwill and other rights; and
all documentation related to any of the above
According to the company’s most recent release, the pandemic has slowed growth in 2020 and going forward Zevotek will refocus its strategies on consumer technology products, and it will develop and implement marketing initiatives for products that are advantageous for this changed environment. Rejuvenating the Blankki line of products and procuring technologies will be the Company’s focus for the remainder of the year. Re-establishing relationships with manufacturers and rolling out a new online shopping experience are executable forward strategies that will be implemented.
This shift suggests the company wants to commercialize its pipeline at an accelerated rate, which could ultimately underpin potential strength in shares if the strategy works out favorably. Given the tiny float in play here, that extra fuel could be important.
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